SOLD
Sold on 19 Mar 2024 for $3,718,000

115-119 Maroondah Highway
Ringwood VIC 3134

Bedrooms: -
Bathrooms: 1
Car spaces: 1
Land area: 638m2
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Property Details for 115-119 Maroondah Hwy, Ringwood

Building Type
Commercial
Land Size
638m2
Local Government
Maroondah
Lot/Plan
42/LP16479

Last Listing description (December 2013)

Orange Whip Bar & Nightclub
See an interactive virtual tour at 1204.ausbusinesses.com
- Well known, metropolitan nightclub & bar proudly offered for sale

- Located on main highway in metropolitan Melbourne
- Regarded as the Eastern suburb's premier nightclub
- Set on multiple levels, with 3 separate bars set over 3 separate rooms
- Large outdoor beer garden (capacity of 125 patrons)
- Immaculate fit-out with all plant & equipment meticulously maintained
- Licensed for 620 patrons
- 5am License Thursday to Saturday
- Long 20 year lease recently negotiated
- Rent approx 4% of annual turnover (2012-13)
- Highly profitable business, huge opportunity for any purchaser
For sale by 'Expressions of Interest' - closing date 17th January 2014
Hotels for sale, pubs for sale, bars for sale, motels for sale, resorts for sale. Connolly Hospitality are specialist hospitality business and property agents based in Melbourne Australia.
www.connollyhospitality.com
www.hotelsmotelsvictoria.com
www.hotelsforsalemelbourne.com
www.pubsforsalemelbourne.com
www.barsforsalemelbourne.com
www.motelsforsalemelbourne.com

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Property History for 115-119 Maroondah Hwy, Ringwood, VIC 3134

A timeline of how this property has performed in the market
Last Sold
$3,718,000
19 Mar 2024
  • 19 Mar 2024
    Sold for $3,718,000
  • 20 Nov 2013
    Listed for Sale EXPRESSIONS OF INTEREST
  • 09 Feb 2013
    Listed for Sale Not Disclosed
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About Ringwood 3134

The size of Ringwood is approximately 10.2 square kilometres. It has 35 parks covering nearly 13.2% of total area. The population of Ringwood in 2011 was 16,008 people. By 2016 the population was 17,450 showing a population growth of 9.0% in the area during that time. The predominant age group in Ringwood is 30-39 years. Households in Ringwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood work in a professional occupation. In 2011, 62.7% of the homes in Ringwood were owner-occupied compared with 58.6% in 2016.

Ringwood has 12,107 properties.

    There are currently 46 properties listed for sale, and 5 properties listed for rent in Ringwood on OnTheHouse. According to CoreLogic's data, 484 properties were sold in the past 12 months in Ringwood.

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