SOLD
Sold on 07 Jun 2024 for $32,000,000

96-98 Maroondah Highway
Ringwood VIC 3134

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2663m2
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Property Details for 96-98 Maroondah Hwy, Ringwood

Building Type
Commercial
Land Size
2663m2
Local Government
Maroondah
Lot/Plan
CP158707

Last Listing description (November 2023)

JLL Hotels & Hospitality and Stonebridge Property Group are pleased to present to market The Sebel Melbourne Ringwood.

- Near-new hotel built to an exceptional standard, featuring 103 rooms & suites, 'The Orchard' restaurant & bar, and state-of-the-art conference facilities

- Exceptional location just 30 mins from the Melbourne CBD and at the foothills of the world renowned Yarra Valley
- Situated within a booming metropolitan economic centre with strong government investment
- Operated under a Franchise Agreement with vacant possession of management or a secure leaseback option available

The Sebel Melbourne Ringwood is being offered For Sale via Private Treaty.

Property History for 96-98 Maroondah Hwy, Ringwood, VIC 3134

A timeline of how this property has performed in the market
Last Sold
$32,000,000
07 Jun 2024
  • 07 Jun 2024
    Sold for $32,000,000
  • 15 Aug 2023
    Listed for Sale Contact Agent
  • 19 Apr 2017
    Sold for $5,775,000
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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 12,062 properties. Over the last 5 years, Houses in Ringwood have seen a 27.17% increase in median value, while Units have seen a 13.37% increase. As at 30 September 2024:

  • The median value for Houses in Ringwood is $1,034,016 while the median value for Units is $630,481.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 53 properties listed for sale, and 12 properties listed for rent in Ringwood on OnTheHouse. According to CoreLogic's data, 472 properties were sold in the past 12 months in Ringwood.

Suburb Insights for Ringwood 3134

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.