20/42-44 New StreetRingwood VIC 3134
Property Details for 20/42-44 New St, Ringwood
Last Listing description (December 2022)
Treeby Commercial Real Estate is pleased to offer 20/42 New Street, Ringwood.
This one is a little beauty! Long term tenancy and a destination place for a lot of local business. Offering 83sqm this neat cafe is light and bright.
Lease Terms:
$26,096 P/A. Current rent plus outgoings and GST
3+3 year
CPI Annual increases
Key Features:
+ Excellent Signage with Street Frontage
+ Building area of 83sqm
+ Abundance of Natural Light
+ Open plan layout
+ Car spaces onsite
Well Located in Ringwood most sought after location near Eastlink Freeway, Costco Development and Ringwood Railway station.
A great chance to buy an affordable commercial investment.
Please contact Anthony Treeby for inspection 0411 558 993.
Property History for 20/42-44 New St, Ringwood, VIC 3134
- 17 Nov 2022Sold for $525,000
- 30 Sep 2022Listed for Sale $525,000 - $550,000
- 08 Aug 2013Sold for $401,500
Recent sales nearby
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About Ringwood 3134
The size of Ringwood is approximately 10.2 square kilometres. There are 35 parks, covering nearly 13.2% of the total area. The population of Ringwood in 2016 was 17471 people. By 2021 the population was 19144 showing a population growth of 9.6% 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 2021, 57.80% of the homes in Ringwood were owner-occupied compared with 58.60% in 2016.
Ringwood has 12,419 properties. Over the last 5 years, Houses in Ringwood have seen a -1.20% decrease in median value, while Units have seen a 7.39% increase. As at 30 June 2026:
- The median value for Houses in Ringwood is $1,014,104 while the median value for Units is $655,532.
- Houses have a median rent of $650 while Units have a median rent of $560.
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