Living Prospect presents a prime Albion location, 535 Ballarat Road. A standout opportunity for developers, investors, buyers and rooming house opportunities looking to secure a property with genuine redevelopment potential.
Set on approximately 554m², this is a site where the land and future possibilities are the real drawcard. The existing residence remains in place, giving buyers flexibility in the short term, however the property is ideally suited to those looking at a future knockdown and rebuild.
A major advantage is the existing council approval allowing development up to three storeys, giving purchasers a significant head start and removing much of the uncertainty that can come with buying a development site. For builders, developers or investors looking for their next project, this adds immediate appeal and creates the opportunity to plan ahead with greater confidence.
The property also includes additional land at the rear, which was formerly part of a laneway and was purchased as an extension of the existing allotment. This means the property extends right up to the neighboring rear fence.
The location is another major selling point. Albion is well connected to surrounding suburbs, Sunshine and Melbourne’s western corridor, with buses and train services within walking distance of the home. Albion Station, Sunshine Station, Victoria University, Sunshine Hospital, local schools, shopping centres, parks and major arterial roads are all within easy reach, with many everyday needs also accessible on foot.
The property is also positioned along a service road which caters to local traffic, providing convenient access while separating the property from the main Ballarat Road traffic flow.
The property also offers convenient access to the Western Ring Road and Melbourne CBD, making it an attractive location for future residents or tenants.
With approximately 554m² of land, a prominent Ballarat Road position, additional rear land forming part of the allotment and approval for a development of up to three storeys, 535 Ballarat Road offers a combination that will immediately appeal to investors and developers looking for a site with strong long-term potential.
Whether you are looking to develop, landbank, invest or secure your next project, this is an opportunity with plenty of scope to make the most of a well-positioned Albion site.
