Jens Veal Byrne are pleased to present this rare and exciting site located in the Western growth corridor of Ballarat.
Situated in the heart of the verdant community known as Bunkers Hill, this site is on the corner of Ballarat-Carngham Road and Wyn Close, and has further access through Prospect Drive.
Some key features of the property include -
Approximately 23 Hectares nearly 60 acres
Council road access through the middle easier access & increased design flexibility
Lucas Town Centre 3 minutes
Ballarat CBD 10 minutes
Within the next residential re-zoning area (STCA)
Relatively flat land for efficient development
Home construction sites within a kilometre
Close to schools and amenities
High exposure site
5 separate titles
Ballarat is on the move, and development sites such as this are extremely rare!
This region of Ballarat has shown exceptional growth over the past 5-year period and the site is flanked by other highly successful residential and retail/commercial developments.
Furthermore, population growth for Ballarat is currently well ahead of projections, and is set to be even higher thanks to the recent changes to the government's immigration policy.
This can only mean that future buyer demand for residential blocks is expected to be very high.
The sheer scale of the predominantly flat site, coupled with its 2 street frontages will facilitate liberal design and enhance a functional layout, so sites of this size and calibre are becoming harder to source, as they simply don't present to the market very often.
With 5 separate titles - and homes on 4 of them, there is scope for a rental return of nearly $10,000 per month in the lead-up to the outworking of the development, or perhaps these homes might even be incorporated into the master plan. Either way, the homes are substantial enough to present the new owner with options.
The purchaser of this site will be placing themselves in an incredibly strong and profitable position to be a key player in meeting the needs of the rapidly growing Ballarat residential market, so if you are interested in researching the opportunity, then ensure that you call Luke Veal on 0438 302 805 for further information..
