The team from Gill Property have recently come to the market with one of the most strategic property propositions of the year. Benefitting from substantial plans to evolve the Ringwood CBD, this site is located right in the thick of it and represents an opportunity that often people only recognise in hindsight.
Sales agents Stephen Bolton, Steve Messina and Graham Hemingway are responsible for the property, located at 93-97 Maroondah Highway, and will be receiving expressions of interest until 3pm Wednesday 25 March 2020.
“Being a designated MAC, Ringwood is currently going through a period of notable change and is now the focus of significant public and private investment and with current developments locally taking shape, looks like continuing” Mr Bolton noted.
“While it has always been a major urban destination of Melbourne’s outer east, there has long been a need for investment and rejuvenation. The Area will be further enhanced by the proposed Ringwood Metropolitan Activity Centre Masterplan objectives.”
The plans contain a vibrant city centre, with an active local economy and contemporary lifestyle options. The lively centre will boast integrated and sustainable retail, commercial, leisure, civic and residential activities set in a natural landscape connected through an advanced road and rail network.
“Basically what we’ve got here is a massive 7,015sqm development opportunity that ticks all the right boxes,” Mr Messina added.
“It’s centrally located right within the heart of the Ringwood MAC, with significant development upside and flexible Commercial 1 zoning. The property also retains short term leases, allowing the benefit of holding income for the new owners to properly design and plan their future development. With Melbourne’s eastern suburbs undergoing a period of strong growth and renewal, sites like this are a valued investment.”
Summary:
- Huge 7,015sqm land area
- Flexible Commercial 1 Zoning
- Centrally located within the Ringwood MAC
- Short term leases and holding income
- 3 street frontages
- Close to all amenities
*Please note that all financials, measurements and distances quoted are approximate only.
93-97 Maroondah Highway, Ringwood, VIC, 3134 is offered for sale via Expressions of Interest closing 3pm Wednesday 25 March 2020.
Enquire today to receive further detailed information.
Please contact the Gill Property team and mention Development Ready.
Stephen Bolton: +61 419 323 997
Steve Messina: +61 412 035 176
Graham Hemingway: +61 407 661 771
VIEW LISTING
