Outstanding Development Opportunity
Situated on a substantial corner allotment in popular Brown Hill is this 4.426 hectare property providing space for a 38 lot sub division (STCA). The proposed sub division has access to all services and the layout provides two entry points, one off Hillview Rd and the other via Springs Rd, Brown Hill.
A well maintained double storey five bedroom residence with ample shedding is also offered with the sale.
Preliminary planning work has been carried out with the blocks ranging in size from 591m2 to 1494m2.
The sub division project can be developed as a whole or in part leaving the house for the second stage of works and deriving immediate rental income.
The property is ideally situated only one kilometre from the Western Freeway and five kilometres to the Ballarat CBD.
For a copy of the executive summary and proposed sub division layout please contact our agent today.
About brown hill
median house price790000
median house rent400
suburb rental yield2.6%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.