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SOLD

229-231 Maroondah Highway Ringwood, VIC 3134

Properties / Sold / Victoria / Ringwood

Development Potential

1. Property Summary

Property Type

Commercial, Residential, Mixed Use

Sub Type

Office, Apartment Sites

Land Area

890 m² (*approx)

Selling Method

SOLD: 04 Dec 2018

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2. Property Highlights

RINGWOOD'S BEST DEVELOPMENT OPPORTUNITY

SOLD

Land Area: 890m²*
Height Limit of 28.5 metres (STCA)
Over 29m* Maroondah Highway Frontage

Colliers International are delighted to offer 229-231 Maroondah Highway, Ringwood for sale by Expression of Interest closing Thursday 15th November 2018 at 3pm. This represents a perfect opportunity to secure a prime development site positioned just moments from the Eastland Shopping Centre and in the heart of Ringwood’s Activity Centre.

Key highlights of this opportunity include:
• Prime development opportunity with a 28.5 metre allowable height limit (STCA).
• Large land parcel of 890m2* with 29m*+ frontage to Maroondah Highway
• Multiple retail tenancies offering substantial holding income or long-term investment potential
• Flexible Commercial 1 zone allows a multitude of development outcome (STCA)
• Rare site that has main road exposure and benefits rear laneway access
• Located just 50m* from the newly developed Eastland Shopping Centre
• Well connected to all modes of transport with Ringwood Train Station and Eastlink a short distance away

*approx

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