A Lucrative Opportunity
With prominent positioning near Maroondah Hospital, this highly versatile property has undeniable appeal and potential.
Measuring 838sqm (approx.), developers will no doubt see an incredible opportunity in the block. Stamped council plans for two 4-bedroom townhouses (including working drawings) are attached but GRZ1 zoning and a DDO9 schedule may allow for the development of a multi-level medical facility (subject to council approval).
Alternatively, investors will appreciate the current home. Tenanted at $1651pcm, it boasts two large living areas, two bathrooms and a double garage.
EastLink, Eastland, Costco, Ringwood Station, a choice of schools and parks are all nearby adding convenience. Ringwood Secondary College zoning is an additional bonus.
*Proposed Lot 1 - 26m2 (approx.)
*Proposed Lot 2 - 27m2 (approx.)
*Downstairs master bedrooms
*Study nooks & powder rooms
*Double garages & decking