16 Oban Road, Ringwood VIC 3134

A unique opportunity presents itself for investors or developers with the offering of this residential dwelling with shop front, creating a significant value added proposition for those seeking a high yield investment or future redevelopment site on 1012sqm approx. (STCA). Currently leased on a 3x3x3 year basis by the well patronized Oban Pizza and Takeaway Food outlet, returning $22,308p.a. The premises offers a three bedroom residence accompanied by a bathroom, laundry, kitchen/meals and separate living room. While the shop front features a kitchen/meal preparation zone, pizzeria and adjoining takeaway food store. Accessed via a side driveway and extending well back to the adjoining Peter Vergers Reserve, the large backyard generates an enticing argument for future development, if desired (STCA). In a prime position, close to Melba College, Eastland Shopping Centre, parkland, buses, Mullum Mullum Creek Trail and EastLink Freeway.

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