Positioned 25km east of Melbourne’s CBD, this prime 1,380 sqm site is a notable investment offering from the Savills team of Julian Heatherich and Jesse Radisich.
With a flexible General Residential Zone 1 status, this excellent Ringwood East site is Permit Approved for the construction of a boutique project comprising of 5 large townhouses, purposefully designed to maximise site dimensions and importantly to provide a high demand residential product. Additionally, STCA, this site is large enough to accommodate alternate future uses.
Ringwood East is part of Melbourne’s "Green Belt" with an abundance of native trees within its suburban streets. Its proximity to public schools, such as Ringwood Secondary College, as well as renowned private schools Tintern Girls Grammar and Aquinas College, has increased this suburb’s popularity as a preferred housing destination. Supported by great amenities, Ringwood East has its own railway station and bus service plus is well serviced by premium retail offerings - Eastland Shopping Centre, Ringwood East Village and Croydon Central Shopping Centre.
Ringwood East and nearby surrounding suburbs are presently experiencing significant growth and have achieved countless successful apartment and townhouse projects – its current median house price is $865,000 (Core Logic).
" Development sites like this one are especially rare to find within this location. Previous and recent townhouse developments in Ringwood East and nearby surrounds have proven particularly popular and therefore achieved great sale results. This site’s key advantage is its approved permit which represents a substantial cost and time saving thereby allowing the purchaser to commence construction without delay." - Julian Heatherich, Savills.
Summary
- Valuable land holding of 1,380 sqm
- Approved permit for 5 large townhouses
- General Residential Zone 1
- Close proximity to transportation, retail, educational options and recreation
- Capitalise on eastern suburbs buyer demand
- No waiting – start construction at your convenience
Please note that all financials, measurements and distances quoted above are approximate only.
151 Mt Dandenong Road, Ringwood East is For Private Sale.
For further information, please contact Savills:
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702
