Huge Development Opportunity For Sale set to benefit from Melbourne’s Eastern Blueprint Growth Plans

Huge Development Opportunity For Sale set to benefit from Melbourne’s Eastern Blueprint Growth Plans


June 2019
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Huge Development Opportunity For Sale set to benefit from Melbourne’s Eastern Blueprint Growth Plans

An unprecedented Ringwood development site has just hit the market and its significance demands attention. Positioned just 25 km north-east of Melbourne this really is a prime offering.


The opportunity exhibits a massive total landholding of 6,066sqm in a residential suburb renowned for leafy streets, panoramic views and peaceful enjoyment. Two adjoining lots will be sold as one, proposing multiple potential development outcomes, ranging from aged-care to multi residential (STCA).

Colliers International Melbourne team have the esteemed pleasure of presenting Lot 2, 81 & 83 Wonga Road in Ringwood North for sale. Expressions of interest will be received by the team until 2pm Thursday 25 July 2019.

“With General Residential Zoning, there exists a range of development outcomes the new owners could pursue,” selling agent Joe Kairouz noted.

“Aged-care, retirement, or capitalise on the in-demand location with a multi-residential outfit – it’s up to you. The L-shaped dual property also includes a fully detached home at 83 Wonga Road, which is generating holding income – perfect while plans are decided upon.”

The location of this expansive site benefits from proximity to main roads and destination retail – adding considerable lifestyle appeal for future residents and end-users.

“The surrounding neighbourhood lies within proximity to the State Governments blueprint plans for growth, which will see an expansion of Ringwood’s Metropolitan Activity Centre.” Colliers International agent Jun Lai commented.

“Significant amenity in proximity include Eastland Shopping Centre, Costco Wholesale, ALDI Ringwood and Ringwood Railway Station. Melbourne’s CBD is easily accessible via Eastlink or by train and Melbourne’s unofficial ‘Second CBD’, Box Hill, is only moment down the road.” 

Summary:

  • Total landholding of 6,066sqm*
  • General Residential Zoning (GRZ1)
  • Significant development prospects including multi-residential and aged care (STCA)
  • Fully detached home with holding income

 *Please note that all financials, measurements and distances quoted are approximate only.

Lot 2, 81 & 83 Wonga Road, Ringwood North, is offered for sale via Expressions of Interest, closing 2pm Thursday 25 July 2019. Enquire today to receive further information and to organise an inspection.

For further information, please contact Colliers International:
Joe Kairouz: +61 421 430 638
Hamish Burgess: +61 421 641 497
Jun Lai: +61 456 535 000

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