128 Railway Avenue, Ringwood East, Vic 3135

On the cusp of Ringwood East Shopping Village and the train station, this unique property would make the ideal cash flow investment for your property portfolio.

The two-level brick building is a registered rooming house comprising 13 bedrooms, eight bathrooms, communal kitchen and living areas plus onsite parking. Currently returning $79,494 PA plus GST and outgoings (due for CPI increase in September), it simply stacks up. 

Situated on a large corner allotment of 836 sqm approx., on the edge of the retail strip, it’s General Residential 1 Zoning offers potential for multi-level residential development subject to council approval. 

In a wonderfully convenient neighbourhood zoned for prestigious Ringwood Secondary College, walk to Tintern Grammar and Eastwood Primary School. Close to Maroondah Hospital, Eastland and Eastlink and the Ringwood East shopping village and station across the road.

Contact William Lyall or Jessica Clarke to receive the Information Memorandum.