Presenting a lucrative development opportunity, this centrally located property offers a perfect proposition for the builder/developer, situated in a family-friendly community that provides instant access to Eastland Shopping Centre, Ringwood Railway Station and esteemed schools, all within walking close distance.
Set within General Residential Zone – Schedule 1 (GRZ1), this large 993m2 (approx.) flat block is occupied by a single-level residence that boasts two bedrooms and one bathroom. Big rewards are waiting for the shrewd buyer who can see the potential in building a new dream home or perhaps developing the land and constructing units in its place (subject to council approval). The possibilities here are limitless, with the option to rent out the existing dwelling while awaiting plans and permits.
Ringwood is situated only 23 km's east of Melbourne City Centre and offers a vast array of reserves, parks and more. This bustling suburb presents a thriving community and is an enviable place to lay down your roots with surplus cultural activities and sporting facilities, as well as being home to the much-loved and well-known Ringwood Lake Park. With ample recreation prospects and shops at your fingertips, this highly-desirable location is full of opportunities.
The property is situated within the Ringwood Secondary zone, and is only a brief walk from Greenwood Park Kindergarten, Our Lady of Perpetual Help Primary School, tennis courts, Aquanation, as well as being just a short drive from Great Ryrie Primary School, Aquinas College, restaurants, cafes and EastLink freeway for direct access to the CBD.
The allotment is surrounded by established homes within a sought-after location that perfectly combines Ringwood's rich heritage with a newly developed, contemporary urban vibe. This is a rare and exciting opportunity to develop in an enviable locale – be quick to ensure your future is all planned out for you.
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