An Acre of GRZ1 Land with Exciting PossibilitiesThis rare, flat double block of 4046sqm (approx.) zoned GRZ1 offers unparalleled potential in the heart of Ringwood.
This outstanding location will no doubt reward handsomely. Ringwood is experiencing extensive growth as a result of almost $1 billion worth of recent infrastructure upgrades, which includes the expansion of both Eastland and the Ringwood Train Station/Bus Interchange. EastLink, Costco and Aquanation also add to the appeal.
Additionally, this address provides easy access to North Ringwood Shopping Centre and a plethora of quality schools including Norwood Secondary College, Ringwood Secondary College, Mullum Primary and Holy Spirit Primary. Luther College and Yarra Valley Grammar are a short drive away.
Developers and investors alike will be drawn to the fact the property has approved plans and permits for 13 townhouses with a mixture of 2, 3 and 4 bedroom floorplans. Buyers will have the option to build as per the plans or start afresh and create their own unique development (subject to council approval). Whilst attractive as a residential site, the allotment could alternatively be used for a childcare centre and/or medical practice (also STCA).
As a bonus, there are three existing homes currently on site which could be lived in or leased while you plan your project.