85 Maroondah HighwayRingwood VIC 3134
Property Details for 85 Maroondah Hwy, Ringwood
Last Listing description (March 2021)
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 2,616m* 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 2,318m
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
Property History for 85 Maroondah Hwy, Ringwood, VIC 3134
- 09 May 2023Sold for $7,000,000
- 25 Feb 2021Sold for $7,260,000
- 20 Oct 2020Listed for Sale Please contact agent
Recent sales nearby
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About Ringwood 3134
The size of Ringwood is approximately 10.2 square kilometres. There are 35 parks, covering nearly 13.2% of the total area. The population of Ringwood in 2016 was 17471 people. By 2021 the population was 19144 showing a population growth of 9.6% in the area during that time. The predominant age group in Ringwood is 30-39 years. Households in Ringwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood work in a professional occupation.In 2021, 57.80% of the homes in Ringwood were owner-occupied compared with 58.60% in 2016.
Ringwood has 12,418 properties. Over the last 5 years, Houses in Ringwood have seen a -4.31% decrease in median value, while Units have seen a 5.38% increase. As at 31 July 2026:
- The median value for Houses in Ringwood is $996,092 while the median value for Units is $649,207.
- Houses have a median rent of $650 while Units have a median rent of $565.
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