House for sale

33 Old Lilydale Road,

Ringwood East, VIC

3 1 1
Private Sale $1.029m

Unlimited Potential on 843m2 GRZ1 with Permit

Tucked quietly on the service road behind a nature reserve, this near level allotment General Residential (GRZ1 zoning) offers an existing town planning permit/approval to retain the front home and build a large double storey townhouse at the rear.
Further scope and potential exist to revise the permit (STCA) and redevelop into a three lot subdivision. The opportunities here are endless.
Selling with the three bedroom front home currently on a fixed lease until March 2018 offering solid income in the short term while actioning the permit or completely redeveloping the site for multiple homes.
Located close to the area's best amenities including quality schools, reserves, shopping and transport including Eastland and Eastlink.
Be the first to secure this outstanding growth opportunity, suitable for all types of investors, developers and builders. Enquire now.
Last updated: 05:25PM on Mar 5th 2018
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Jellis Craig Blackburn

130 South Parade
Blackburn VIC, 3130
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