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5-9 New Street, Ringwood VIC, 3134

Name: 5-9 New Street, Ringwood VIC, 3134
Address: 5-9 New Street VIC, Ringwood, VIC, 3134
Telephone: +61 404 887 717

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+9 Photos

SOLD

5-9 New Street, Ringwood VIC, 3134

Properties / Sold / Victoria / Ringwood

Development Potential

1. Property Summary

Property Type

Residential, Commercial

Land Area

2,148 m² (*approx)

Selling Method

EOI: Closing Thursday 9 September 2021 at 2pm

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2. Property Highlights

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