Developers and investors take note that this is by far the best multi-unit development site on the market in Ringwood North. This huge allotment of 1016m2 enjoys an 18.4m frontage and a depth of approx 58m. Parcels of land like this in Ringwood North close to Eastland are few and far between.
The home is in great condition and has been very well looked after by its owners. The home offers 5 bedrooms, family room, kitchen and dining area, hardwood floorboards under the original carpet and a huge garage at the rear. The choices are obvious, either keep the current tenants in the property and land bank the property while Ringwood North property prices continue to soar or alternatively organize your plans and permits to construct 3 prestigious townhouses (stca) in this prized position.
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 in the way of any proposed development and the property is in a first class location within walking distance to Eastland. 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 in this booming property market.