Vinci Carbone is pleased to present this highly sought-after healthcare sector investment located within the tightly held Ringwood North Shopping Village.
This excellent opportunity is anchored by the North Ringwood Family Pharmacy, which has recently secured a renewed 5-year lease extending to 2029, featuring fixed annual increases that ensure consistent rental growth. North Ringwood Family Pharmacy have occupied the property for over 16 years.
Notable Features:
+ Property Overview: Spanning an impressive 158 sqm*, this retail premises offers a substantial opportunity for investment.
+ Tenant Profile: Currently leased to North Ringwood Family Pharmacy, this property features a renewed 5-year lease extending to 2029. It generates an annual return of $59,635 per annum* plus outgoings plus GST, complemented by fixed annual increases that ensure steady income growth.
+ Investment Potential: This represents a rare opportunity for investors to acquire a highly sought-after healthcare sector asset in a strategically advantageous location, promising both stability and growth.
+ Convenient Accessibility: The property is well-served by public transport, with regular bus services operating along Warrandyte Road. While Ringwood Train Station is a short drive away, the location ensures easy access for customers and employees alike.
+ Exceptional Location: Positioned adjacent to the Ringwood North Shopping Centre, anchored by a prominent IGA supermarket, this property benefits from close proximity to key institutions such as Norwood Secondary College, Eastern Health Maroondah and Swinburne University of Technology – Croydon. The location also provides quick access to major road networks, including Eastlink, Maroondah Highway and Ringwood Bypass, enhancing connectivity to the broader region.
Note: North Ringwood Family Pharmacy also occupies the adjoining property at 198 Warrandyte Road - please note that 198 Warrandyte Road is a separate property and is not part of the property which we are selling at 196 Warrandyte Road.
We strongly recommend considering this magnificent investment opportunity.
Auction: Tuesday 3 December at 2.30pm on-site
*approx.