An ambitious Australian is hard at work building a Ferrari-powered Formula One replica which he wants to sell in limited numbers for the road.

Zac Mihajlovic is the man responsible for bringing our F1 dreams to reality and is building the car with help from Scotty Cox, a custom motorcycle builder. Work on the car, dubbed the Zacaria, has been ongoing for more than two years and is expected to be finished by the end of this year.

Mihajlovic got his start in the world of automobile manufacturing when he built a road-legal version of the batmobile from Tim Burton’s 1989 Batman. He received requests to build the vehicle but couldn’t due to licensing issues. This is where Zacaria comes in.

Spurred on by interest in his Batmobile, Mihajlovic set about work on a Formula 1 replica that can be driven on the street.

We want it.

“So I thought, what’s the next-most extreme thing I could build to drive on the street? No one’s done it with an F1 car, they’ve done thing like the BAC Mono or the Ariel Atom, but they’re four-cylinder and look like concept cars,” he told Which Car.

“If you wanted to drive a real F1 car it’d take a team of people to run it so I thought about a modern V8 or V12 from a Ferrari, there’s probably a market for people who want something no one else has,” he told Motor.

Work on the car started in earnest when he sourced a 6.3-liter Ferrari V12 from a wrecked F12 Berlinetta in the United Kingdom. That engine has been paired to a transaxle six-speed transmission from Albins, the company responsible for the gearboxes used in Australia’s Supercars racing series.

An all-aluminum body has been built around the powertrain and a hydraulic lift system has even been installed.

Mihajlovic says he’s already received interest from a potential buyer and hopes to eventually sell each Zacaria he builds for more than $700,000 locally ($509,000).