305 Maroondah Highway, Ringwood, Vic 3134

Aston are pleased to present 305 Maroondah Highway, Ringwood by Expressions of Interest closing Wednesday 18 November at 3pm.

Secure a sizzling, tenanted investment in the heart of the Ringwood Metropolitan Activity Centre (MAC). The property has been leased to SSAM Korean BBQ for over five (5) years and the grill has not cooled since. 

Positioned amongst established national retailers, including Chemist Warehouse and Subway, the property benefits from strong exposure and consistent activity along the same street.  

With SSAM Korean BBQ being the only Korean BBQ restaurant within the Ringwood MAC, the property offers all the right ingredients of secure income, a proven tenant and limited direct competition.

The features:

• Building area of 715m²*
• Rental of $180,000 pa* + GST + Outgoings
• Freshly renewed lease until 30 November 2029
• One (1) further option of three (3) years
• Twelve (12)* car spaces on title, plus ample visitor parking
• 650m* to Eastland Shopping Centre (14m annual visits* & 313 retail stores*)
• 900m* to Costco Wholesale
• 1km* from Ringwood train station, serviced by two (2) train lines
• 1.4km* from Ringwood Sqaure Shopping Centre
• Future development potential of up to eleven (11) levels (STCA)

The tenant:

Established in 2020, SSAM Korean BBQ has operated from this location since 2021. The business is actively expanding with venues across Melbourne’s CBD, Ringwood and Carnegie. A much-loved dining destination, its popularity is reflected in a 4.6-star Google rating from 2,500+ reviews.

Location:

Conveniently accessible via major arterial roads including Maroondah Highway, Ringwood Bypass, Mount Dandenong Road and Eastlink, the restaurant is easy to reach from across Melbourne’s east and beyond.

Contact the exclusive agents for the information memorandum.

*approximate