39 Greenridge Avenue, Templestowe 3,091 m2

Subscribe to regular market updates. This rare and versatile opportunity awaits in a tranquil Templestowe cul-de-sac. Spanning a vast 3091m², GRZ 1 allotment with an impressive street frontage of approximately 103 metres, this substantial site delivers strong appeal for developers, investors or institutions. The block is packaged with plans and permits for 10 townhouses, with endless future options. Formerly operating as Green Ridge aged care, the triple-level, solidly constructed building features double brick walls and a concrete slab. The decommissioned establishment offers a wide range of potential future uses. Currently encompassing 1620m² ground floor fitted with 27 single bedrooms, each with its own prospective ensuite, multiple communal areas including a large reception area, possible lounge and dining zones, and previously commercial-grade kitchen. The lower level offers approximately 100m² of storage and potential laundry facilities, while the first floor could provide a former self-contained two bedroom residence of approximately 102m² and an additional one bedroom apartment, ideal for onsite management or staff accommodation, or be sold as part of a refurbished residential project. A designated courtyard area and 18 approx car spaces complete the current layout. Though in need of renovations/repairs, the facility presents immense potential for repurposing. It lends itself to imagining as a functional aged care or assisted living centre, religious institution or community hub, NDIS/emergency care accommodation or child-care facility. Alternatively, approved plans and permits offer a lucrative development path with scope to construct 10 x 2-storey townhouses, each comprising three bedrooms, two bathrooms, open-plan living and dining, a modern kitchen, private courtyard and garaging. Positioned for lifestyle and convenience, this unique land holding is zoned for premium local schools including highly sought-after Serpell Primary and Doncaster Secondary College, and is moments walk to Ruffey Lake Park. Close to Donburn Shops, Westfield Doncaster, Templestowe Village and The Pines Shopping Centre. City and private school bus services are within easy walking distance, while the Eastern Freeway and Eastlink are also close at hand. Boasting strong potential for residential or commercial transformation with plans, permits and current site available to view by appointment only. Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. Inspection by appointment St Charles Borromeo School 222 Serpells Road Templestowe Serpell Primary School Tuckers Road Templestowe Doncaster Gardens Primary School Sandhurst Avenue Doncaster East Doncaster Secondary College 123 Church Road Doncaster Templestowe Park Primary School 399 Church Road Templestowe East Doncaster Secondary College Cypress Avenue Templestowe Lower Doncaster Primary School 2-12 Council Street Doncaster St Gregory the Great School 396 Manningham Road Doncaster Ss Peter & Paul's School 16 Beverley Street Doncaster East 26-44 Herlihys Road Templestowe Lower Templestowe Heights Primary School High Street Templestowe Lower Milgate Primary School Landscape Drive Doncaster East Donburn Primary School Colchester Drive Doncaster East Beverley Hills Primary School Cassowary Street Doncaster East Our Lady of the Pines School 77 Carbine Street Donvale Templestowe Valley Primary School 15 Birchwood Avenue Lower Templestowe Birralee Primary School Heyington Avenue Doncaster Box Hill North Primary School Elizabeth Street Box Hill North Kerrimuir Primary School Molbray Street Box Hill North 43 Harrison Street Box Hill North Old Orchard Primary School 88 Koonung Road Blackburn North Donvale Primary School Elata Street Donvale Koonung Secondary College 615 Elgar Road Mont Albert North 370-380 Springvale Road Donvale Blackburn High School 60 Springfield Road Blackburn Donvale Christian College 155 Tindals Road Donvale Bulleen Heights School Pleasant Road Bulleen 60 Junction Road Blackburn North Whitehorse Primary School 70 - 86 Junction Road Blackburn North