507-511 Maroondah HighwayRingwood VIC 3134
Property Details for 507-511 Maroondah Hwy, Ringwood
Last Listing description (October 2009)
MAJOR MAIN RD PROPERTY WITH EXISTING OLDER STYLE BUILDINGS WITH SHORT TERM LEASE
THE PROPERTY IS WELL LOCATED ON THE NORTHERN SIDE OF MAROONDAH HWY NEAR CAR CITY, CAMPBELL'S CASH & CARRY, FORD & MAZDA AND IS ONLY A SHORT DISTANCE TO EASTLINK ENTRANCES.
MAIN ATTRIBUTES INCLUDE:
• CURRENT LEASE TILL 31ST JULY 2011 APPROX PROVIDING A HEALTHLY RETURN.
• FLEXIBILITY OF EXISTING IMPROVEMENTS
• TOTAL BUILDING AREAS 3,475M2
• TOTAL LAND AREA 6,810M2
• FLEXIBLE BUSINESS 4 ZONING
• SOUGHT AFTER LOCATION FOR CAR AND BULKY GOODS INDUSTRY.
CONTACT JASON BEVERIDGE ON 0418 33 33 77 OR GLENN NEILSON ON 0438 599 244
Property History for 507-511 Maroondah Hwy, Ringwood, VIC 3134
- 30 Jan 2023Sold for $15,290,000
- 27 Apr 2010Sold for $3,750,000
- 03 Dec 2009Sold for $3,750,000
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0About 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 12,399 properties. Over the last 5 years, Houses in Ringwood have seen a -9.74% decrease in median value, while Units have seen a 1.95% increase. As at 31 August 2026:
- The median value for Houses in Ringwood is $961,763 while the median value for Units is $633,309.
- Houses have a median rent of $650 while Units have a median rent of $570.
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