The Phone Code for this property is: 54567. Please quote this number when phoning or texting.
FOR SALE: Prime Development Opportunity - 635 Glenelg Highway, Smythes Creek, Victoria
An exceptional chance to secure a 15-acre parcel of prime real estate located within the thriving Smythes Creek region, just 10 minutes from Ballarat. This site offers immense potential for developers and investors to capitalise on the significant growth projected for the area.
Key Property Features:
Land Size: Approx. 15 acres (6.07 hectares).
Zoning: Residential Growth Zone (RGZ), suitable for subdivision or development (STCA).
Location: Strategically positioned on Glenelg Highway with excellent accessibility to Ballarat and surrounding amenities.
Development Potential: Ideal for subdivision, with potential for significant yield (STCA).
Future Growth: Located in the Ballarat Western Growth Area, an area forecasted to experience substantial capital gains due to increased housing demand.
Location Highlights:
Opposite Aberdeen Estate, master-planned by Integra.
Approx. 2 minutes to Delacombe Town Centre, the Major Activity Centre of Ballarat West.
Approx. 4 minutes to local schools, parks, and public transport.
Adjacent to the Ballarat Western Link Road, providing seamless connectivity to Melbourne and Adelaide.
Approx. 12 minutes to Ballarat CBD.
Approx. 4 minutes to Ballarat Western Employment Precinct.
Approx. 5 minutes to Ballarat Airport.
City of Ballarat Overview:
Ballarat is Victoria's second-largest regional city, with a current population of approximately 115,000 (ABS Census 2021). The population is forecast to grow by 19% to 170,000 by 2041, necessitating over 29,000 new dwellings. With limited land availability, Ballarat remains a high-demand market, with average lot prices exceeding $300K.
Market Appeal:
Ballarat's diverse economy, supported by key industries such as manufacturing, tourism, healthcare, education, and retail, underpins its strong economic resilience and employment opportunities. Over 50% of residents are employed locally, further driving demand for housing.
Sale Details:
Sale Type: Expressions of Interest
Don't miss this rare opportunity to secure a premium development site in one of Victoria's fastest-growing regional markets.
Due Diligence Checklist: Consumer Affairs Victoria Checklist
DISCLAIMER:
All stated dimensions and information are approximate and provided for general guidance only. Buyers are encouraged to undertake their own due diligence and consult with relevant authorities for development potential.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
