52 Palmerston Road ERingwood VIC 3134
Property Details for 52 Palmerston Rd E, Ringwood
Last Listing description (March 2025)
RWC proudly presents this prime industrial warehouse in the heart of Ringwood. Primarily located just off Maroondah Highway and Eastlink, providing ease of access to major arterials. The property has huge frontage to Palmerston Road East, providing ease of access to any of the four roller doors on site via the front and side yard area. Presenting a variety of future opportunities to the astute investor to further subdivide or potentially re-develop (STCA) or continue on leasing the current facility. The property features: Zoning | Industrial 1 Frontage | 20 metres Lease | Three (3) years Return | $73,202.10pa net Increases | 3% pa Land area | 992sqm approximately Building area | 480sqm approximately* Boundary lines on images are indicative only. Please refer to title.
Property History for 52 Palmerston Rd E, Ringwood, VIC 3134
- 06 Dec 2024Sold for $1,600,000
- 28 Jun 2024Listed for Sale Price on Application
- 25 Aug 2022Listed for Rent - Price not available
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About Ringwood 3134
The size of Ringwood is approximately 10.2 square kilometres. It has 35 parks covering nearly 13.2% of 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 12,356 properties. Over the last 5 years, Houses in Ringwood have seen a 15.43% increase in median value, while Units have seen a 14.14% increase. As at 28 February 2026:
- The median value for Houses in Ringwood is $1,085,351 while the median value for Units is $656,205.
- Houses have a median rent of $630 while Units have a median rent of $550.
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