507 Ballarat Road, Albion, VIC, 3020

PROJECT LAND - PERFECT POSITION - ALBION STATION

Land
Type

Published on Friday, April 10, 2026 ( See property details for 507 Ballarat Road, Albion, VIC, 3020)

$1,000,000 - $1,100,000

Brenda Ngan Listing Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Exceptional development opportunity on a 544m² parcel in Albion, featuring approved permits for a five-storey mixed-use project with commercial and residential spaces, just steps from Albion Train Station.

🏡 Property Highlights

  • Prime development site with approved planning permit
  • Located less than 100 metres from Albion Train Station for exceptional connectivity
  • Zoned Activity Centre Zone (ACZ1) with high growth potential
  • Generous 544m² land area with 67-metre street frontage
  • Approved for a five-storey mixed-use development including commercial and residential spaces
  • Includes architectural and engineering drawings for seamless development

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area
  • Home Office / Study
  • Balcony
  • Built-in Robes
  • Air Conditioning
  • Dishwasher
  • Garage

Albion is a vibrant suburb offering excellent connectivity with Albion Train Station just steps away. It boasts a growing commercial hub, proximity to Sunshine Shopping Centre, and easy access to major arterial roads. The area is ideal for investors seeking high-growth potential in a well-connected urban environment. Local amenities and transport links make it a highly desirable location for future development and lifestyle convenience.

What types of development are permitted on this site?
The approved planning permit allows for a five-storey mixed-use development comprising three ground-floor commercial shops and fourteen residential apartments, including four two-bedroom and ten one-bedroom units.
Are there any existing structures or buildings on the land?
The property is designated as land for development, and there are no existing structures; the sale includes architectural and engineering drawings to facilitate the project.
What are the key benefits of this location for future tenants or residents?
The location offers exceptional connectivity via Albion Train Station, proximity to Sunshine Shopping Centre, and easy access to major roads, making it highly attractive for residents and commercial tenants.
Is the planning permit transferable or extendable?
The planning permit is transferable to new owners, providing confidence for ongoing development; details on extensions can be discussed with local planning authorities.
What are the zoning restrictions and opportunities for this site?
The site is zoned Activity Centre Zone (ACZ1), supporting high-density mixed-use development, with approved plans for a five-storey building, aligning with urban growth strategies.
Are there any additional costs or fees associated with the development approval process? Are there any zoning restrictions or planning overlays that could impact future development? Is the land subject to any easements, covenants, or restrictions? What are the flood or bushfire risks in this area? Are there any nearby construction or planning activities that could affect the site? Is the property compliant with all local building codes and regulations? Are there any existing or planned infrastructure upgrades in the vicinity? What are the strata or community title considerations, if applicable? Are there any environmental or heritage considerations affecting the site? What is the process for obtaining final approval and permits for construction?

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