Murray Bridge is one of South Australia’s growth areas with enormous potential for expansion, located approximately 80kms east of Adelaide on the picturesque Murray River. Currently experiencing 3% population growth per annum the 18,000 resident’s numbers are steadily swelling. The progressive regional Council of Murray Bridge are planning for many major developments in the area
including expansion to local prison facilities by the State Government, major CBD expansion, re-development of the race-course & expansions to the industrial area at nearby Monarto.

Located in a quiet central area with close proximity to schools, commercial outlets & health facilities is this prime development opportunity you can indeed have the best of both worlds with an immediate source of income available plus the potential for further subdivision (subject to Council consents).

Offering 2 adjoining allotments; Allotment 101 is a division into 8 Community Title blocks ranging in size from 336m2 to 576m2. A quiet & private cul-de-sac has been created & to date 4 homes have been built on blocks 1-4 on the attached plan;

House 1
4 bedroom 2 bathroom hardiplank ranch style home with a single carport & sizeable rear deck. Finishing touch needed for this home is your choice of carpets & that’s all.

House 2
3 bedroom, single bathroom, hardiplank construction with a carport has need of some finishing.

House 3
3 bedroom, single bathroom, hardiplank construction with a carport, currently tenanted until 12/07/2008 for $205 per week.

House 4
3 bedroom, single bathroom, hardiplank construction with a carport, established to first fix, materials & fixtures available & included.

Blocks 5,6,7 & 8 are yet to be cleared with a substantial set of horse stables currently occupying the site as testament to the nature of the area surrounding the race course nearby which was the hub of a thriving racing industry. Removal of the stables is negotiable as the Purchaser may enjoy the benefit from the salvage of materials.

The sealed road leading into the development is lined with developing candle pines & shrubs; all utilities & infrastructure complies or exceeds Council requirements.
The property is being sold as is on a walk-in / walk-out basis with responsibility for completion of homes & further development of the site to be carried by the Purchaser.

Lot 31
With it’s own road access this is a recipe for success. Tenanted at $235 per week
a neat modern cottage with large rear verandah of a huge 12850sqm block that is ideal for subdivision (subject to Council consent).
Accessible to all utilities this flat block is fully fenced & has some trees protecting the perimeter.

Literally a blank canvas the decisions are yours although the preliminary plan attached shows 15 possible allotments ranging in size from 629sqm to 802sqm this is an example only.

The Urban Growth Plan by the local Council shows future planning involving residential, commercial & enterprise components nearby & a major re-development of the golf course & race course. This property is perfectly positioned in the residential zone to take advantage of this anticipated growth & with growth comes increased land prices.

Secure this investment opportunity early & develop your own profit. Again this is a walk-in / walk-out deal with the tenancy due to expire on 05/07/2008.
Combine the appeal of both properties & weigh up the figures – the best of both worlds – immediate & early income plus future potential.

Initially we welcome your expression of interest in purchasing both properties as a whole on a walk-in / walk-out basis in the region of $1.6 million.

However should you wish to separate the properties please feel free to indicate this to the agent & discuss the matter.