Description

Gorman Commercial is pleased to offer 121-123 Bedford Road, Ringwood East for sale via Public Auction on Wednesday 8th October at 12 noon on-site.

The property presents an exceptional opportunity for investors to purchase this prominent corner freehold leased to a longstanding tenant and underpinned by future development potential.

* Income: $116,000 pa + GST + Outgoings
* Recently renewed five (5) year lease to longstanding tenant who has been in occupation since 2015
* High exposure landholding of 589 sqm + 17 metres frontage to Bedford Road
* Versatile building area of 523 sqm – comprising large retail showroom, first floor office and storage.
* High clearance warehouse and additional first floor mezzanine storage.
* Rear land ripe for future development potential (STCA)
* Substantial on-site parking
* Rear roller shutter door access
* No further options on the lease providing future owner occupier potential
* Easy access to major arterial routes such as Canterbury Road, Maroondah Highway and Eastlink

Listing Highlights

• Income: $116,000 pa + GST
• High exposure landholding of 589 sqm
• 5 year lease to longstanding tenant