194 Warrandyte RoadRingwood North VIC 3134
Property Details for 194 Warrandyte Rd, Ringwood North
Last Listing description (November 2023)
Michelle Lanigan Real Estate is delighted to offer the following property for sale.
The property is currently occupied by Cafe 23 who have an excellent reputation in the local area for good food and great coffee. They have owned and run the business for many years and have a regular customer base. Their lease, including options expires in 2035.
The property is positioned in the heart of Ringwood North, approx. 32km north-east of Melbournes CBD and surrounded by a large residential catchment and surrounded by major arterial roads and EastLink.The property itself is approx. 195 sqm and split over two levels with dual entrances from Warranydyte Road and Milne Place, making it accessible for customers to park out the front or rear. The property is surrounded by a large variety of business, both large and small, and is a central hub for the local residents.
The current term of five (5) years expires on 31st May 2025 and has two (2) options each of five (5) years. The property returns a gross rental of $95,976.00 pa plus GST. Approx. $89,000 nett. plus GST.
The rental is reviewed annually.
For full details or a private inspection, please telephone Michelle.
Property History for 194 Warrandyte Rd, Ringwood North, VIC 3134
- 19 Jul 2023Listed for Sale $1,580,000
Recent sales nearby
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About Ringwood North 3134
The size of Ringwood North is approximately 5.2 square kilometres. There are 19 parks, covering nearly 10.4% of the total area. The population of Ringwood North in 2016 was 9832 people. By 2021 the population was 9964 showing a population growth of 1.3% in the area during that time. The predominant age group in Ringwood North is 40-49 years. Households in Ringwood North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood North work in a professional occupation.In 2021, 86.30% of the homes in Ringwood North were owner-occupied compared with 85.70% in 2016.
Ringwood North has 4,019 properties. Over the last 5 years, Houses in Ringwood North have seen a 5.81% increase in median value, while Units have seen a 8.57% increase. As at 30 June 2026:
- The median value for Houses in Ringwood North is $1,287,323 while the median value for Units is $897,569.
- Houses have a median rent of $700 while Units have a median rent of $620.
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