Create An Income Stream Now and Develop or Subdivide Later
- Building: 345.6m²
This unparalleled development site which is zoned commercial 1 and is perfectly positioned providing outstanding visibility and exposure.
182 Albert Street presents a significant opportunity for astute investors or business owners to acquire a prime development site, suitable for a range of commercial outcomes including , medical, fast food, childcare, retail, or showroom (STCA). The vendors will negotiate a leaseback on the workshop building leaving the option to use or lease out the remaining office and shed to create an income stream whilst having the longer term option to subdivide or apply for your permits to develop the property. The property is ideally situated in close proximity to an abundance of retail and shopping amenities and is strategically positioned on one of Ballarat busiest major highway linkages. Commercially, Albert Street has grown steadily over the past few years will continue to develop with the building of the link road to the Ballarat West growth area.
Specifically, this property offers the following key attributes:
Large site of 1,821m2*
Zoned commercial 1
Wide frontage of 30.17 meters*
A development site suitable for a number of diverse uses
Investor opportunity to lease all three buildings for income return
Highly exposed site on major road with highway linkage
Possibility to use existing improvements for for short term income
Positioned opposite the new Sebastopol Library and Community Hub (under construction)
Site and buildings also suitable for an owner /operator business adventure
Workshop with concrete floor, 3 phase power and storeroom 121.30m2*
Carpeted Office with split system, down lights and security system.
3 bedroom house , polished floorboards, disabled toilet, gas heating and split systems
Second shed with kitchette and toilet, 114m2*
* = approximately