Sale by Expression of Interest
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.
Agents
This property is listed conjunctionally with Mark Nunn from Buxton Ballarat.
KEY INVESTMENT ATTRIBUTES
Offering a freehold tenure, this is premium and sought after real estate.
A “greenfields” site, unique and effectively a blank canvas for further development.
Potential to develop a major private land development project.
Proximal location with respect to Victoria’s capital city, Melbourne.
Road access.
METHOD OF SALE
The selling process is via an Expression of Interest. Details for this process as follows:
EOI closing Date is 20th September 2022.
Please ensure you submit your EOI to Cameron Gull or Mark Nunn via email prior to this date.
You WILL get a second opportunity to increase or alter your offer after the EOI closes.
ONLY buyers that have registered and submitted an EOI prior to the closing date will get the opportunity to negotiate after the EOI.
Once the EOI date closes, we will inform the registered buyers of the negation process from this point.
Launch Date
16th August 2022
(5 weeks)
The public marketing phase of the sales program. In this period, all marketing will be launched via press, online, social media, as well as through Buxton’s and Gull & Co. entire database.
Closing Date for EOI
20th September 2022
In this phase, the most likely outcome is a shortlist and second and final round process before a preferred party is selected, and the property transacted shortly thereafter on an unconditional basis.
Post EOI negotiation
Bid dependent but likely 1-2 weeks
In this phase, the most likely outcome is a shortlist and second and final round process before a preferred party is selected, and the property transacted shortly thereafter on an unconditional basis. We will discuss the appropriate method for the second round at the completion of the first round.
DISCLAIMER: The information contained in the Information Memorandum is published by Gull & Company Estate Agents and Buxton – Ballarat for the vendor solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries with respect to the property. Any depictions of the site overview is an indicative concept and are approximate. None of the information contained in this report can constitute any representation or offer by the vendor or the Agent. Prospective purchasers and their advisors should make their own enquiries to satisfy themselves as to the correctness of the information. The Agents will not assume liability for negligence or otherwise for the material contained in this report.