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