54-56 Maroondah Highway & 10-12 Olive Grove, Ringwood, VIC, 3134

Cushman & Wakefield Development Sites is pleased to present this rare opportunity to acquire 54-56 Maroondah Highway & 10-12 Olive Grove, Ringwood, offered for sale individually or in one line. This strategic landholding combines secure, diversified rental income with long-term development and repositioning potential, appealing to investors, developers and land bankers alike.

The asset generates a combined passing base rent of $498,706 pa + GST + outgoings, underpinned by four diversified tenancy profiles and further enhanced by favourable lease structures including demolition clauses, providing flexibility for future redevelopment.

The key highlights of the opportunity include:

54-56 Maroondah Highway, Ringwood:

- Two freehold buildings on a combined land area of 1,660sqm*

- Building area of 1,239sqm*

- Fully leased to a mix of established tenants including Brighton Renovation, Rensei Karate and A1 Motorcycles

- Annual gross rental income of $329,659 + GST + outgoings

- Prominent 38.9m* frontage to Maroondah Highway, delivering outstanding exposure

- 22 on-site car spaces, providing excellent tenants and customer convenience

10 & 12 Olive Grove, Ringwood

- Two freehold warehouse-style buildings on a combined land area of 1,905sqm*

- Building area of 1,232sqm*

- Fully leased to BFT (Body Fit Training) and A1 Motorcycles

- Annual gross rental income of $169,047+ GST + outgoings

- Ample surrounding street parking, supporting ease of access

The Opportunity

- Proximity to Eastland Shopping Centre, Ringwood Market Square, and a wide range of schools, parks, and recreational facilities

- Excellent connectivity via EastLink, Ringwood Station, and the newly upgraded Heatherdale Station

- High exposure location with over 33,000* daily vehicles (VicRoads) passing on Maroondah Highway

- Located in Melbourne’s highly regarded eastern corridor, with a median house price of $1,025,000 (Source: REA) and projected population growth of 38.91% between 2025–2046 (Source: forecast.id)

For Sale by Expressions of Interest closing Thursday 28 May 2026 at 2pm. For more information, please contact Cushman & Wakefield as the exclusive selling agent:

Leon Ma 马海翔+61 417 070 725 | Wechat: leon253856

Joe Kairouz +61 421 430 638

Valerie Tang 邓梓珊 | +61 421 271 215 | Wechat: Valerie_1999530

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