Colliers presents a landmark site with plans for a six-storey office and residential tower, just moments from the train station and city amenities.
A 923 sqm development site in the heart of Ballarat’s CBD is set to go to public auction, as Colliers brings 31 Field Street, Ballarat Central to market. Positioned within a growing commercial and residential precinct, the site presents a range of future development opportunities (STCA).
Centrally located, the site comes with a planning permit already in place for a striking six-storey mixed-use development. The approved plans feature a ground-floor café/restaurant with outdoor dining, a spacious lobby, four levels of open-plan office space totalling approximately 2,190 sqm, and a luxurious top-floor penthouse apartment, with an infinity pool offering sweeping views across Ballarat.
The development also includes off-street parking for nine vehicles and boasts an impressive 27 metres of street frontage, enhancing both visibility and accessibility.
Lauchlan Waddell, Colliers Executive, commented, “This is a rare opportunity to acquire a permit- approved development site in the heart of Ballarat’s CBD. With approval for a six-storey development incorporating ground-floor retail, office space, and a penthouse apartment, it is an exceptional offering just moments from the Ballarat Train Station, restaurants, and shopping.”
Sam McKeegan, Colliers Executive, added, “The site presents an outstanding opportunity for a developer looking to proceed with the current permit or explore alternative uses such as accommodation or residential development (STCA). 31 Field Street offers unmatched potential in one of regional Victoria’s most dynamic cities.”
Ballarat is Victoria’s largest inland city, with a population of over 124,000 and growing steadily each year. The city is a hub for tourism, education, and healthcare, with iconic attractions such as Sovereign Hill and the Ballarat Wildlife Park drawing visitors year-round. With a median house price of $630,000 and nearly 60,000 local jobs, Ballarat continues to attract both residents and investors alike.
31 Field Street, Ballarat Central will be offered for sale via Public Auction on Friday, 6 June 2025 at 12 noon, on-site.
Related Articles
