OVERVIEW

KEY MURRAY BRIDGE DEVELOPMENT OPPORTUNITY

Cushman & Wakefield are pleased to present For Sale Lots 8 & 121 Susan Street, Murray Bridge.

The property comprises a level development parcel of some 9,830sqm* Suburban Neighbourhood Zoned land and is offered together with planning approvals for a 32-unit residential development, with the flexibility of being constructed in up to 3 stages if desired. There is an additional approval for community titles, so either a build-to-rent or build-to-sell outcome can be achieved.

Approved 32-unit residential development comprising in demand one and two bedroom units, with a total of 46 bedrooms. There is clear potential to expand this to up to 90 bedrooms within the planning code. A concept of this is provided in the data room.

Timing is perfect for a successful residential development; given recent announcements of the Gifford Hill redevelopment, anticipated population growth means Murray Bridge has the potential to become a second city for SA and is just 50 minutes* to Adelaide.

Murray Bridge has experienced a significant population influx (19% in past 5 years) driving home price growth, and rental growth close to 70%^ in the past five years alone.

Investment Highlights Include:

• Level Development Parcel

• Significant Due Diligence research material available

Capitalise on the thriving Murray Bridge location and streamlined approval times

• 5 mins* to Murray Bridge CBD

Full copies of stamped plans, floor plans, renders, reports and detailed site information is available upon request to the Agents.

Lot 8 & 121 Susan Street, Murray Bridge is offered For Sale by Private Treaty.

Price Guide: $1.0 - $1.1 milllion

RLA 315 726

*Approximately

^Source: Channel 7 

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