The hard work has already been done for this development site. There is a current planning permit from City of Ballarat to develop the property into six lots and retain the current house. The existing house is very well established, has beautiful views around the peaceful surroundings along with cathedral ceilings and offers three bedrooms with built-in robes and master with ensuite. Kitchen has plenty of cupboard space, family room with wood fire and lounge with gas heating. The property is currently tenanted for $270 per week until February 2012. This is perfect to buy, finish the development while having the rent paid into your account. Otherwise you can move into the home when the lease has finished, build a second storey to take in the wonderful views over Ballarat. Don't miss out on an opportunity like this.
