Cushman & Wakefield Development Sites is pleased to present this rare opportunity to acquire 54-56 Maroondah Highway & 10-12 Olive Grove, Ringwood, offered for sale individually or in one line. This strategic landholding combines secure, diversified rental income with long-term development and repositioning potential, appealing to investors, developers and land bankers alike.
The asset generates a combined passing base rent of $498,706 pa + GST + outgoings, underpinned by four diversified tenancy profiles and further enhanced by favourable lease structures including demolition clauses, providing flexibility for future redevelopment.
The key highlights of the opportunity include:
54-56 Maroondah Highway, Ringwood:
- Two freehold buildings on a combined land area of 1,660sqm*
- Building area of 1,239sqm*
- Fully leased to a mix of established tenants including Brighton Renovation, Rensei Karate and A1 Motorcycles
- Annual gross rental income of $329,659 + GST + outgoings
- Prominent 38.9m* frontage to Maroondah Highway, delivering outstanding exposure
- 22 on-site car spaces, providing excellent tenants and customer convenience
10 & 12 Olive Grove, Ringwood
- Two freehold warehouse-style buildings on a combined land area of 1,905sqm*
- Building area of 1,232sqm*
- Fully leased to BFT (Body Fit Training) and A1 Motorcycles
- Annual gross rental income of $169,047+ GST + outgoings
- Ample surrounding street parking, supporting ease of access
The Opportunity
- Proximity to Eastland Shopping Centre, Ringwood Market Square, and a wide range of schools, parks, and recreational facilities
- Excellent connectivity via EastLink, Ringwood Station, and the newly upgraded Heatherdale Station
- High exposure location with over 33,000* daily vehicles (VicRoads) passing on Maroondah Highway
- Located in Melbourne’s highly regarded eastern corridor, with a median house price of $1,025,000 (Source: REA) and projected population growth of 38.91% between 2025–2046 (Source: forecast.id)
For more information, please contact Cushman & Wakefield as the exclusive selling agent:
Leon Ma 马海翔+61 417 070 725 | Wechat: leon253856
Joe Kairouz +61 421 430 638
Valerie Tang 邓梓珊 | +61 421 271 215 | Wechat: Valerie_1999530
- Eastern Melbourne
