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SOLD
5-9 New Street, Ringwood VIC, 3134
Development Potential
DETAILS
Ringwood Activity Centre Development Site
  • Site area of 2,148 sqm*
  • Activity centre location
  • 45m street frontage

Colliers are pleased to offer 5-9 New Street, Ringwood for sale via Expressions of Interest closing Thursday 9 September at 2pm. This outstanding offering is comprised over a generous land holding contained in three separate titles.

This is a rare opportunity and is one of the last remaining sites already amalgamated within the Ringwood Activity Centre which offers a generous site area with potential for scaled development of apartments, townhouses, childcare or other uses (STCA).

Key features of this development opportunity are noted below:

  • Total land area of 2,148m²* over three titles
  • Short term fully let holding rental of $40,164 per annum 
  • Situated within the Ringwood High School Zone
  • Fantastic location 540 metres from Eastland Shopping Centre and 700m* from Ringwood Train Station
  • Highly regarded eastern locale with a median house price of $1,025,000, which has enjoyed a growth of 36% growth since Q1 2019 to Q1 2021 (REIV)

* Denotes approx.

For further information, please contact the exclusive selling agents at Colliers.

Hamish Burgess
0421 641 497

Leon Ma
0417 070 725

Tanya Su
0430 302 950

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Closing Thursday 9 September 2021 at 2pm
Property Area
AREA:
2148 m² (*approx)
Property Type
TYPE:
Commercial, Residential,
Development Potential
DEVELOPMENT APPROVAL:
Apartments, townhouses, childcare or other uses (STCA)

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5-9 New Street, Ringwood VIC, 3134

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