A rare commercial offering not to be overlooked, this centrally located and versatile property has enormous appeal and potential.
Currently returning $76,986.36 per annum plus GST, it features three shop fronts on the ground floor and six office spaces upstairs. Ample car parking is also available on site, located at the rear and accessed via Barkly Street.
For those seeking a unique development opportunity in an ideal location, this 742sqm (approx.) Commercial 1 Zone allotment has vast potential for a mixed-use commercial/residential project (subject to council approval).
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 12,334 properties. Over the last 5 years, Houses in Ringwood have seen a 7.61% increase in median value, while Units have seen a 7.25% increase. As at 30 April 2026:
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