Lot 1 & 12 Ascot Gardens Drive, Bonshaw, Ballarat, Vic A 79,200 sqm* landholding at Lot 1 & 12 Ascot Gardens Drive, Bonshaw has been sold by Stonebridge Property Group represented by Julian White and Chao Zhang, in conjunction with Buxton Ballarat, represented by Mark Nunn. The development site has Urban Growth zoning and is allocated in the precinct structure plan primarily for residential and retirement living development.

The expressions of interest campaign generated over 150 enquiries, as developers continue to target the major regional markets of Ballarat, Geelong, and Bendigo, buoyed by recent success in these markets as well as future potential off the back of the 2026 regional Victoria Commonwealth Games.

Bidding in the campaign was received from a wide range of residential and retirement living developers Melbourne, Sydney and locally to Ballarat. The purchaser was a Sydney based residential developer with two retirement groups and a Melbourne based residential developer hot on their heels.

The purchase price of $15,000,000 represents close to $2 million per hectare for the 7.92 ha landholding, split over two titles. This price is comparable with many of Metro Melbourne’s greenfield land markets.

National Partner of Stonebridge Property Group, Julian White, said “Demand was incredibly strong for this property, with the sale being completed on an unconditional basis. The depth of bidding highlights the demand for greenfield land and the growth and popularity of buyers seeking regional exposure to their portfolio.”

To request a sales analysis please contact either of the selling agents Julian White and Chao Zhang, in conjunction with Buxton Ballarat, represented by Mark Nunn via the below contact details.