Presenting a genuinely compelling opportunity for the astute developer, investor or land-banker seeking a foothold in one of Ballarat's most consistently sought-after residential corridors.
Occupying a commanding corner position on Geelong Road, this Residential 1 zoned allotment presents the kind of versatility that experienced developers recognise immediately and act upon decisively. Corner blocks of this calibre - with dual street frontage, generous proportions and the flexibility afforded by Residential 1 zoning - represent a diminishing commodity in Ballarat, and this offering will attract genuine competition.
The zoning permits a range of development outcomes, from a boutique townhouse project to a carefully considered multi-dwelling development (STCA), allowing the incoming purchaser to realise the full potential of what is an inherently superior land holding. The dual street access typical of a corner configuration offers both practical convenience and meaningful design freedom rarely found in conventional rectangular allotments. An alternative is to retain the existing consulting rooms/office located on the corner of the allotment and utilise the extensive parking on-site. There is certainly a range of opportunities available (STCA).
Positioned within the established and ever-popular suburb of Mount Clear, the property sits in proximity to Federation University, Damascus College, Mount Clear College and a suite of primary schools - a demographic reality that continues to underpin strong rental demand. The Midvale shopping precinct, medical services and arterial access to Ballarat's CBD are all within reach.
This is a rare opportunity in a prime location. Price is plus GST. Hurry to enquire.
JD
