2/308 Forest Street

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About this property

Rarely does a property of such scale, character, and versatility become available in the heart of Buninyong. 2/308 Forest Street is not just a home; it is a multi-faceted estate offering a unique 1980s conversion of a 1960s office and warehouse complex. Whether you are looking for a high-yield investment, a premier home-business headquarters, or a creative residential sanctuary, this property offers a footprint and potential that is simply unmatched in the local market. The Main Residence: Mid-Century Character (Building B) The primary 3-bedroom residence (approx. 105sqm) beautifully blends mid-century structural integrity with unique architectural flair. • Architectural Volume: Striking cathedral ceilings and sawtooth roof windows flood the home with natural light. • A Secure History: Features a spacious walk-in pantry that served as a secure vault in its previous life. • Modern Comfort: Recently upgraded with a brand-new heating/cooling system and a new hot water unit. The Multi-Use Annex: Unlimited Potential (Building A) To the rear sits an expansive 220sqm structure-a 50% double-brick, 50% tin facility that is a dream for entrepreneurs or investors. • Configurable Zones: Divided into three separate, climate-controlled zones, all fully insulated (R3.5/R2.5) with four bathrooms and multiple multi-use rooms. • Versatile Past, Limitless Future: Previously utilized as a counselling center and construction office, this space is perfect for professional suites, a creative studio, a high-end workshop, or even an Airbnb conversion. • Secure Storage: Includes a massive 11x4m garage with a remote panel lift door. Infrastructure & Development Upside • Dual Access: Rare double-street frontage with primary driveway access from Forest Street (2-3 parks) and secondary access via Eyre Street with parking for up to 6 additional vehicles. • Subdivision Potential: Set on 729sqm, there is significant potential for subdivision (STCA), allowing a buyer to potentially sell off a portion of the site while retaining a primary asset. • Income Stream: strong potential combined rental return, with a significant portion of the building currently vacant for your immediate personal or professional use. Location: The Heart of the Village Positioned "smack in the middle" of a premium residential area, you are just a short stroll from Buninyong's famous cafes, botanical gardens, and local shops. You get the peace of a residential neighborhood with the infrastructure of a commercial site. The Opportunity This is a property that adapts to your needs-use it as a high-performance investment, a multi-generational living solution, or the ultimate "work from home" estate. With a Section 32 available and short settlement options, the path to ownership is clear. Offered via Expressions of Interest. Experience the scale and scope of this Buninyong landmark. Contact us today to arrange your private walkthrough. Ballarat's Best-Selling Team

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.