108 Railway AvenueRingwood East VIC 3135
Property Details for 108 Railway Ave, Ringwood East
Last Listing description (November 2023)
Hudson Bond Commercial is pleased to present an outstanding and extremely rare opportunity to secure this retail property with a high quality provision for medical situated amongst a sought after retail strip among other medical practices (VET, Medical Clinic and Podiatry) opposite Ringwood East Train Station.
The premises occupies a ground floor area of approximately 160 square metres on a land size of 235 sqm with great rear access.
The property is suitable for a range of uses from Retail, Office, Medical/Consultancy (STCA) forming part of a Commercial 1 Zone.
Features include:
Prime Location and Exposure
Vacant Possession
Suitable for Owner Occupiers, Investors or Developers
Land Area 235 sqm Approximately
Commercial 1 Zone
Suit a Variety of Uses
Rear Lane Access
On-Site Car Parking
Other retailers include IGA, Bendigo Bank, National Pharmacy and AusPost.
The Ringwood East locality is a highly desirable established suburb with massive upside and is set amongst a variety of corporate businesses, Eastland Shopping Centre, Tintern Grammar and is well serviced by public transport and the EastLink Freeway.
For further information please contact Hudson Bond Commercial on 9840 7700
Property History for 108 Railway Ave, Ringwood East, VIC 3135
- 02 Jul 2024Sold for $1,402,500
- 14 Nov 2023Listed for Sale $1,395,000
- 20 Dec 2018Listed for Rent $30,000 / year
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About Ringwood East 3135
The size of Ringwood East is approximately 4.7 square kilometres. It has 16 parks covering nearly 6.7% of total area. The population of Ringwood East in 2011 was 9,748 people. By 2016 the population was 10,285 showing a population growth of 5.5% in the area during that time. The predominant age group in Ringwood East is 30-39 years. Households in Ringwood East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood East work in a professional occupation. In 2011, 71.1% of the homes in Ringwood East were owner-occupied compared with 68.3% in 2016.
Ringwood East has 5,495 properties. Over the last 5 years, Houses in Ringwood East have seen a 19.43% increase in median value, while Units have seen a 13.74% increase. As at 31 October 2024:
- The median value for Houses in Ringwood East is $1,020,554 while the median value for Units is $712,544.
- Houses have a median rent of $590 while Units have a median rent of $500.
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