This is a fantastic opportunity for those looking to put their foot into the development game with the perfect setup for a two lot subdivision STCA. The existing dwelling is a neat and tidy low maintenance property that is currently tenanted meaning you will have a steady stream of income while you organise planning permits. - Offering two good sized bedrooms with built in robes, master with ceiling fan and split system - High ceilings and polished floorboards and open plan living/dining - Central bathroom with spa bath, shower, vanity and toilet - Separate study area or kids play area beside the laundry - Large 747sqm block with cleared rear yard ready to add a shed or subdivide STCA - Just off the tree-lined Victoria Street meaning easy access to Melbourne and the Ballarat CBD - 2km to the Ballarat Railway Station and CBD - Walking distance to St Alipius Parish School - Short walk to your local Coles Supermarket - Black Hill reserve nearby perfect for walking tracks - Currently rented for $255pw until November 2021