54 Morton Street, Learmonth, VIC 3352

This property presents a unique blend of Development Potential and Lifestyle Living making it a standout opportunity in the Ballarat Region.

Nestled high on Bankin Hill, this extraordinary parcel, 2.45HA (6+acres), offers unparalleled panoramic views. From the serene waters of Lake Learmonth to the cityscape of Ballarat and its sea of lights at night, the vistas are nothing short of breathtaking.

Strategically zoned for township development, this expansive property provides a rare and exceptional opportunity for subdivision or other ventures. Whether you envision creating a bespoke personal retreat or a stunning residential community, this land offers an extraordinary canvas with limitless potential. Finish restoration on the existing home, build a luxurious dream home or develop multiple dwellings, this unique parcel delivers unmatched opportunities.

The Charming 40 sq Heritage Home, C1890's, boasts five large bedrooms, multiple living zones and an open plan country kitchen. Unique architectural details set this home apart and include 4.2 meter pressed metal ceilings, and pressed metal walls, complemented by polished timber floors throughout. The hero of this home is however the views, and the many spots to enjoy them, be it by the fire, on the sweeping wrap around verandahs or the rear deck. An opportunity exists here to put your own stamp on this project and finish restoring this home to its full splendor.

The elevated position guarantees each and every home constructed here will be graced with the same awe-inspiring panoramic views and tranquil ambiance. Those sweeping, unobstructed views-paired with versatile township zoning-make this a once-in-a-lifetime offering, unlikely to be replicated.

Standing on this remarkable property, you'll be captivated by the immense possibilities it holds.

Property Highlights:

• Investment potential: This property offers a rare chance to capitalize on various possibilities including, Land Banking, Subdivision, or Personal enjoyment. Providing immense potential for future development or investment.

• Location & Views: Positioned on 6+ acres (24,500sqm) in a township zone, with panoramic views of Ballarat, Lake Learmonth and the surrounding countryside. Elevated location on Bankin Hill adds to its appeal.

• Heritage Charm: The Existing Home, a grand old Victorian with five spacious bedrooms. Many unique architectural details like original pressed metal ceilings and walls, polished timber floors, and a grand 67-foot central hallway.

• Restoration Potential: A lot of the hard work is already completed including new roof, foundations, electrical etc.The master suite and other areas await completion, offering a chance to personalize and restore this home to its full splendor. Building materials are already onsite.

Living Spaces:

a. Expansive formal lounge with veranda access, large sunlit windows, and a cozy slow-combustion wood heater.

b. Country-style kitchen with stone benchtops, a large island, a walk-in pantry, and adjacent family room with built-in cabinetry and rear deck access via the many sets of French doors.

c. Generously sized bathroom with clawfoot bath, separate shower, and double vanity.

d. Outdoor Spaces: A decked rear area, wraparound verandas, and functional outdoor design from which to enjoy those water views. with a large shed featuring mezzanine storage.

e. Ample Storage and Recreation: The property includes a large 12 car shed, with mezzanine, offering extensive storage, & paddocks for livestock/horses and recreational opportunities. Lake Learmonth provides a wonderful spot to pursue many water sports including skiing.

f. Utilities & Zoning: Connected to mains sewerage, 11,000 +gallon rainwater tanks and mains water available. The property is zoned for subdivision and further development.

g. Proximity: Just minutes from the Western Highway and a 15-minute drive to Ballarat. Learmonth offers a vibrant community with cafes, a cidery, hotel, clubs, and recreational activities at Lake Learmonth. Easy access also to the Western Highway links to Melbourne, 1hour 20 mins

Purchase Options:

1. Lot 1 (House)

2. Lot 2 (Land)

3. Entire Property: Price on Application (POA).

Interested parties should conduct their due diligence prior to making any submissions. Given are for general information only and do not constitute any representation on the part of the vendor or agent.

Due Diligence Checklist -

http://www.consumer.vic.gov.au/duediligencechecklist