Lucrative development opportunity in leafy locale.
Large and lucrative, there's a bright future ahead with several immediate options available here.
This prime piece of real estate located in a quiet, leafy streetscape of popular Ringwood East, brimming with untapped development potential (subject to council approval), 35 Sunbeam is guaranteed to win the interest of serious contenders.
We are pleased to invite the investor, builder, developer or renovator to discover the remunerable potential of this beautifully level parcel of land totalling just under 1/4 acre (1020m2 approx.), located within GRZ1 (General Residential Zone - Schedule 1) and boasting potential to accommodate multiple units (STCA). There's also the opportunity to renovate and even extend the home, maximising on the good foundations and rustic character of this established residence.
Behind the weatherboard exterior, upon entry through the leadlight front door, the lounge and dining invites you into a homely, nurturing space. A fusion of high ceilings, ornate cornices, sash windows and picture rails evoke a sense of the past and off the lounge, the adequately equipped kitchen features a gas upright cooker, dishwasher and storage.
Three large bedrooms provide ample space for rest and relaxation and are serviced by a functional bathroom. Gas ducted heating ensures respite from the cool weather whilst the paved rear entertaining area, double garage and huge backyard are also key elements to the home.
The highly tenantable location is perfect for raising a family with parks, schools, transport, shops and recreational facilities nearby.
Close to Ringwood East Railway Station, Ringwood East Reserve, Maroondah Hospital, Ringwood East Child Care and Kindergarten, as well as Eastwood Primary School, Tintern Grammar, Aquinas College, Aquanation and EastLink freeway. The magnificent Yarra Valley and Dandenongs are also a draw card.
Currently leased until November 12th 2017, the home is returning $1586.00 PCM (per calendar month) and will provide a steady income whilst awaiting plans and permits.
A rare and exceptionally lucrative proposition exists for the shrewd buyer. Register your interest today.