This property in the heart of Ringwood presents a rare opportunity for investors and developers alike. With its substantial size of approximately 725sqm and advantageous zoning, including GRZ1 and a DDO3 overlay which is allowing for a potential six-storey apartment complex (subject to council approval). Alternatively, the allotment could be cleared to make way for a luxury new home or multiple townhouses (also STCA). The potential for development is significant. The property's proximity to key amenities such as Eastland, Costco, and Ringwood Station, as well as its location within the Ringwood Secondary College zone, adds to its appeal.
The existing clinker brick home on the site, featuring two bedrooms and modern amenities, provides flexibility in development plans but may require renovation or demolition depending on the chosen path.
Additionally, nearby conveniences including schools, parks, and EastLink contribute to the property's desirability. Overall, this property represents an enticing opportunity for those looking to capitalize on Ringwood's growth and development potential.
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Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
