Land development opportunities on the East side of Ballarat are limited and highly sought after, which makes this property with a current planning permit in place appealing to astute developers ensuring they can move quickly to generate a return on their investment.

This outstanding property is located approximately 3 kms from the Ballarat CBD and is within convenient distance of schools and public transport and has quick access to the Western Freeway to Melbourne freeway.

The development incorporates a large existing colonial style family home which will sit on a site of approximately 4,500m2 as part of the subdivision. The home offers 4 roomy bedrooms with built in robes whilst the main bedroom has a new ensuite. There is also a spacious central bathroom. The blackwood kitchen overlooks a formal dining area and relaxed informal living space featuring a gas log fire, built-in TV with surround sound speaker system and loads of natural light and garden views. A formal lounge off the main entrance features a built-in wall unit and the study is fitted with plenty of cupboards and benches and can be accessed separately from outside. Adjacent to the home is a substantial shed, approximately 11.8m x 21m with concrete floor and 3 phase power.

The planning permit provides for 20 blocks of varying size ranging from 510 to 905 square meters plus the house block of approximately 4,500m2. The site is lightly undulating and ideal for residential subdivision offering quiet living in a natural setting.

Rarely do development sites with planning permits come to market and this property has the benefit of existing road frontage and immediate access to services.