1-3/5 Wenwood Street, Ringwood East, VIC 3135
Lucrative property in central hot spot.
Occupying a generous 844m2 (approx.) block and set in a prime position only metres from Ringwood East Village and Railway Station, we are proud to present three solid brick units offering a lucrative opportunity for the savvy buyer. Currently leased at a combined income of $995 per week, not only does this complex afford a sterling return, there's also potential to develop into a multi-apartment site (subject to council approval) being located within General Residential Zone - Schedule 1 (GRZ1). Having recently been refreshed, all three units are virtually identical and are sure to impress. Once inside, rich polished floorboards welcome you into a spacious open-plan living zone where large colonial windows and calming tones contribute to creating a fresh and comfortable room where northern light and warmth pervade the space. Adding to the feeling of openness, the fully functional kitchen is incorporated into the smart layout and comprises an upright cooker, adequate storage cupboards and adjoining meals area creating a comfortable space to dine with friends and family. Furthermore, the gas wall heater helps to maintain the perfect climate during Melbourne's cooler months. The bathroom is well placed close to both bedrooms, while the separate laundry leads outdoors to a private courtyard. Also located off the quiet hallway are two sizable bedrooms, including the master which is enhanced with built-in robes. Units one and two offer a shed in the rear yard while all three units afford a single carport. Located only 25 km's east of the CBD, Ringwood East is a well-established neighbourhood that caters to all your needs. This family-friendly suburb is primarily residential and offers a vast array of amenities at your fingertips. Ringwood East provides tranquil surrounds and places the occupants in an ultra-convenient location, only a short walk from Eastwood Primary School, Tintern Grammar, Maroondah Hospital, as well as offering momentary access to Aquanation, Tinternvale Primary School, Our Lady of Perpetual Help Primary School, Aquinas College and EastLink freeway. Whether you're an investor or developer, these well-maintained units are sure to impress the discerning buyer.