Colliers announce the sale of 41-43 Ringwood  Street, Ringwood, a highly functional two-level commercial building offered for the first time in 27 years. This prime property, anchored by longstanding government tenants, including the Australian  Electoral Commission and Victoria Police, presents a rare investment opportunity in one of  Melbourne’s fastest-growing commercial precincts. 

Alex Browne, Colliers Associate Director, said, “This is a rare value-add opportunity underpinned by  secure State and Commonwealth Government income with future development upside.” 

Eddie Foulkes, Colliers Executive, added, “This property offers immediate partial owner occupier  opportunities while receiving flexible holding income. There is also potential to increase the NLA by  reducing common areas and amalgamating tenancies.” 

The modern building spans approximately 1,921 sqm across two levels, featuring basement and on grade parking for 62 vehicles. The building is currently split into six tenancies with an NLA of 1,678  sqm*. The asset sits on a 1,624 sqm* Activity Centre Zoned corner site with 81 meters of street frontage, directly opposite Eastland Shopping Centre in the Ringwood Metropolitan Activity Centre.  When fully leased, the property generates approximately $700,500 per annum in rent. 

“The site offers flexible redevelopment options (STCA) with a preferred maximum height of 28.5  meter (8 storeys), as part of Victoria’s Housing Statement 2024 – 2034. Ringwood is a dynamic  suburban hub within Melbourne’s Eastern Growth Corridor, known for its significant urban renewal  transformation over the past decade,” said Colliers Director Ben Baines.  

Ringwood is a vibrant mix of business and lifestyle opportunities, only 25km from the Melbourne  CBD. The proximity to Eastland Shopping Centre provides a variety of retail, dining, and  entertainment options, while excellent transport links, including the Eastern Freeway and Ringwood  Train Station, ensure easy access to the city and surrounding suburbs. This transformation has solidified Ringwood’s status as the epicentre of commerce and employment in the eastern region,  making it a highly sought-after location for both employers and residents. 

41-43 Ringwood Street, Ringwood, is being offered for sale through Expressions of Interest, closing  Wednesday, 4 December, at 3pm (AEDT). 

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