Document - Auction Flyer and Investment Report, Midway Arcade 145-147 Maroondah Highway, Ringwood, Victoria - 1997

Physical description

Wire-bound A4 size 25-page investment report and double-sided colour notice advertising on site auction of Midway Arcade at 1pm on Wednesday 10th December 1997. Selling Agents - Carter Real Estate, 128 Maroondah Highway Ringwood 3134, Tel: 9870-6211 and Fitzroys, 367 Collins Street Melbourne 3000 Tel: 9275-7777.

Inscriptions & markings

Investment Report Executive Summary Extract:
Property: Midway Arcade, 145-147 Maroondah Highway, Ringwood.
Location: The property commands a prominent location on Maroondah Highway opposite the Ringwood Railway Station and adjacent to the Eastland Shopping Centre and car park with surrounding tenants incorporating a variety of major financial institutions and recognised retailers.
Building Description: The building comprises a two-storey mixed use development incorporating 14 shops within a retail arcade at ground floor with excellent frontage to both Maroondah Highway and Civic Place at the rear. Located at first floor are 13 office suites accessible via two internal staircases and which are located around a central atrium.
Building Area: 1,533.41 m2 approx.
Site Area: 1,284 m2 (13,819 sq.ft.) approx.
Lease Details: The property is being offered subject to the existing lease terms and conditions with a passing net annual rental of $171,940.65.
Method of Sale: Public Auction - Wednesday, 10th December, 1997 at 1:00p.m. on site.
Terms: 10% deposit, balance 60 days.

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