Permit Approved Ringwood Opportunity with Upside
Knight Frank is delighted to offer for sale this sensational development site with an approved planning permit for a 10 level mixed use development with 8,066 sqm* of NSA. The site currently comprises of two retail premises with strong holding income.
Prominently located with significant frontage to Maroondah Highway, the property is within close proximity to Eastland Shopping Centre, Ringwood Train Station and provides easy access to Eastlink and the Eastern Freeway.
Key features include:
• Prime corner site of 1,360 sqm over two titles
• Permit approved and stamped plans for a 10 level mixed use development with total NSA of 8,066 sqm
• The site currently comprises of two retail premises with holding income
• Opportunity to utilize existing permit immediately or modify to suit Office, Hotel or Mixed-use development (STCA)
• Unrestricted views over Ringwood Lake and Bedford Park
• Located within a strategic eastern suburbs location and strong growth corridor
• Huge exposure to Maroondah Highway
• Easy access to Eastlink, the Eastern Freeway and the wider Melbourne Freeway network
• Close proximity to Eastland Shopping Centre, Ringwood Train and Bus Station and Ringwood Market Square Shopping Centre
FIRST ROUND CLOSED: OFFERS UNDER REVIEW // PLEASE CONTACT KNIGHT FRANK
For further information or to arrange an inspection contact Tim, Ed or Danny.
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