Offering a freehold tenure, this is premium and sought after real estate.
Residential Development Site in Ballarat’s Growth Corridor – 32.791 ha - Circa 488 Lots (STCA)
· Approx 80 Acres – 32.791 ha
· Potential for Circa 488 Residential Allotments
· New Re-Zoning Catchment Corridor (STCA)
· Ballarat – Victoria’s fastest growing regional city
Buxton Ballarat and Gull & Co. are pleased to present for sale this prime development site that is situated in the western growth corridor of Ballarat and sits within the next re-zoning catchment area (STCA)
The site offers 80 Acres – 32.791 ha of prime land with enormous potential for further development of residential allotments (STCA). The landholding with a total frontage of approx. 404 m* to Ballarat-Carngham Road, the property has a natural yet subtle gradient from north to south.
Key Features of the property include:
· Large 80 Acres – 32.791 ha of prime land
· Within the next proposed Ballarat West Precinct Structure Plan
· 3 minutes from Lucas Shopping Centre
· 10 minutes to CBD
· Close to schools and amenities
· This precinct of Ballarat has shown exceptional growth over the past 5-year period, with the property surrounded by numerous highly successful residential and retail/commercial developments
· The Ballarat West Growth Area is forecast to grow by an average 6.0% per annum (2022 to 2036)1
· High exposure and accessibility with a total road frontage of 404 m*
· Rectangular and relatively flat landholding, making for efficient development
· Current developments in construction within 1km
· High buyer demand for future residential allotments
· Rare offering of such a substantial parcel of real estate
Sites of this size and calibre are once in a life-time opportunities and simply don’t present to the market often. If you are a developer with interest in the Ballarat marketplace, ensure you enquire today for further information.
The property is being offered for sale via an Expression of Interest closing 20th September 2022 at 5pm. Please contact conjunctional selling agents Mark Nunn from Buxton Ballarat and Cameron Gull from Gull & Co. for all relevant documentation.
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