85 Maroondah Highway Ringwood VIC 3134

Colliers International is pleased to offer 85 Maroondah Highway Ringwood for Private Sale. A rare and expansive opportunity that is situated in the heart of Ringwood is often sought, seldom found. Currently zoned Commercial 1 and located within the proposed Ringwood Metropolitan Activity Centre which is subject to a pending C130 amendment which should it be adopted and gazetted, will result in a preferred height of 8 storeys (STCA). With vacant possession upon settlement of 30 June 2021, this is a prime opportunity to take advantage of continued demand in Ringwood as well as potential planning upside.

Key highlights include:

Substantial Commercial 1 zoned site of 2,616m²* with frontage to Maroondah Highway and Seymour Street
Impressive and flexible existing improvements that is currently used as an automotive showroom and service centre of approximately 2,318m²
Rooftop car parking for approximately 35
Highly suited to a variety of uses including commercial office, residential, hotel, serviced apartment, education and retail development (STCA)
Pending C130 amendment as part of the Ringwood Metropolitan Activity Centre (MAC) which will allow for a preferred height of 8 storeys (STCA)
Prime Ringwood location with close proximity to Bunnings, Coles, Costco, Eastlink, Eastland, Ringwood train station, plus much more
Significant height precedence nearby
Situated within a well-established yet high growth area with immediate access to major arterials, retail amenity, expansive parklands, quality education and healthcare
To be sold with vacant possession as at a settlement date of 30 June 2021

*approximately