Rytime Engineering originally made clocks, then model train engines and carriages, and then for many years awn mower parts. The business is now closing down due to the well deserved retirement of the Directors. 
Meanwhile the Bayside Council in recent years re-zoned 100 hectares of land mostly to Business 3 (offices, showrooms, industrial) which has been hugely successful with 150 new businesses arriving into the Bayside Business District in the last 18 months. 
More importantly several adjoining allotments were uniquely rezoned in the above process to Mixed Use. In effect the Mixed Use Zone allows all types of residential (homes, apartments, townhouses, retirement, student accommodation) with a commercial component. This Cheltenham/ Sandringham entire precinct is fast emerging as a sort after location offering a unique blend of business and lifestyle facilities. It is surrounded by 4 golf courses, 2 gyms, child care facilities, golf driving range and eating establishments to name just a few. 
Sandringham is 20 kilometres south east of Melbourne's CBD. 
This opportunity has come about as Bayside Council rezoned 100 hectares from Industrial 1 to Business 3 to better reflect Bayside businesses which are predominantly white collar population. 
 
 
This property offers; 
* 4,089 square metres of mixed use development land in prime Sandringham. 
* The height limit is 14 metres which is unique in Bayside and allows 4 level developments.(STCA) 
* Erected on the land is an older style single storey office factory. 
* Future potential for this property according to zoning are: Townhouses, Apartments, Medical, Student Accommodation and or Retirment Village.