Developers and investors take note that this is by far the best multi-unit development site on the market in Ringwood East. This huge allotment of 1087m2 enjoys a 19m frontage with 2 crossovers and a depth of approx 59m. Parcels of land like this in Ringwood East close to Ringwood East station are few and far between.
The home is in great condition and has been very well looked after by its owners. The home offers 3 bedrooms, family room, kitchen and dining area, hardwood floorboards under the original carpet and a huge carport and Bungalow at the rear. The choices are obvious, either keep live in the property and land bank the property while Ringwood East property prices soar or alternatively organize your plans and permits to construct 3 prestigious townhouses (stca) in this prized position.
Alternatively you may decide to retain the original home at the front of the property and erect 2 townhouses(stca) behind the original home at the front.
Make no mistake this is a premium opportunity. The original home is in great condition, the parcel of land is almost perfectly flat, there are virtually no trees on the property and the property is in a first class location within walking distance to Ringwood East shops and station. This site offers its new owners an amazing opportunity, whether it be for multi unit development(stca) or to "land bank" while prices continue to soar.
