5 Talbot Street S

Ballarat Central VIC 3350

An exceptional opportunity is on offer to secure an entire unit complex in one of Ballarat Centrals most tightly held and highly sought-after inner-city pockets. Positioned on approximately 1,000sqm+ (1003m) of prime central land with valuable front and rear access, this substantial holding delivers immediate rental returns alongside outstanding long-term development potential.The property comprises five well-maintained one-bedroom units, each offering a practical and comfortable layout including a light-filled living and dining area with gas heating, a functional kitchen with gas cooking, a combined bathroom and laundry, and a spacious bedroom. Individual single carports provide convenient off-street parking for each residence. With strong rental demand in this blue-chip city-fringe location, investors can expect reliable occupancy and premium returns of approximately $350 per week per unit one upgraded.Perfectly positioned just 570 metres from Sturt Street, 1.0km to Lake Wendouree, 1.1km to the Ballarat CBD and only 1.7km to the Railway Station, the location is second to none. Three major hospitals are on your doorstep, along with public transport, shops, cafes and essential amenities ensuring consistent appeal to both tenants and owner-occupiers.The generous allotment, dual access and flexible layout present exciting possibilities for renovation, enhancement or complete redevelopment (STCA). Whether you choose to retain the existing units for strong cash flow or capitalise on the scale and positioning with a transformative project, the potential here is undeniable.An opportunity of scale, location and flexibility secure this premium development site and unlock both immediate income and significant long-term upside.** Floorplan reflects unit 2