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Boasting a coveted corner setting with the benefit of two street frontages, a perfect park-side position and a substantial allotment measuring 686 square metres (approximate title measurements), this real estate offering could very well be the dream development opportunity you've been looking for.
The 3-bedroom, 2-bathroom home currently occupying the block is in need of extensive renovation to meet today's modern living requirements. You might be inspired to pull up your sleeves and take on the challenge. However, it's clear to see that this prime location would be far better suited to a brand-new luxury family home with all the bells and whistles, or alternatively, the development of a pair of cutting-edge townhouses, both concepts obviously subject to the necessary approval from council.
The existing residence comprises of a large lounge room, family room and two kitchens enabling the rear half of the house to be closed off and separated into two self-contained units - a strategy that would certainly ensure a steady rental stream as you go about attaining approved plans and permits for your visionary creation.
This first-class locale in one of the best pockets in Ringwood East is directly opposite Knaith Road Reserve, within walking distance to Ringwood East Station, buses, Ringwood East Village, Eastwood Primary, Ringwood Secondary and Tintern Grammar, and close to Eastland and Eastlink.
On Site Auction Saturday 17th of April at 3pm
To view the Statement of Information and use the link below:
https://drive.google.com/drive/folders/1thUjIiwqMciGYmS426vaFrxzcCJC_pe_?usp=sharing
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