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Commercial, Residential
Lot 53 Old Port Wakefield Road, VIRGINIA, SA 5120

Property details

  • Property ID:
    25097
  • Private treaty:
    Seeking $3,000,000 to $3,250,000 +GST
  • Area:
    23000 m2 (*approx)
  • Type:

    Commercial:

    Residential:

  • Development Potential:
    40 allotments comprised in stage 2 (STCC)
Agency information
Ned Looker
Rhyce Scott

Overview

40 LOTS NEXT TO A SUCCESSFUL STAGE 1

CBRE Metropolitan Investments are proud to present to the market the 2.3 hectare residential allotment on the southern side of Virginia’s main street. Lot 53 Old Port Wakefield Road benefits from the limited supply of Suburban Neighbourhood zoned land in the Playford area. This allows low to medium density developments and has created a pocket of new residence in the area.

The average dwelling price in Virginia is $500,000, which when coupled with the new Government HomeBuilder program gives the incoming developer a great incentive to build in a highly demanded market area.

The City of Playford is one of South Australia’s newest council areas, being formed from a merger of the City of Elizabeth and the City of Munno Para in 1997. Since its formation, The City of Playford has seen a magnitude of state and private investment which has contributed to its rapid growth and development to now service more than 100,000 citizens that reside in the area. The council is also in the process of rejuvenating the Virginia main street and local infrastructure which will benefit lot 53 given its immediate proximity to the centre.

- Prominently positioned 30 minutes north of the Adelaide CBD

- Located among the developing suburbs of Mawson Lakes and Gawler

- Benefitted by the new Government HomeBuilder program

- Allotments already selling in stage 2 showing demand in the area

- A part of the modern and growing Playford City Council

- Virginia Average Dwelling price of $500,000

For sale by Private Treaty seeking $3,000,000 to $3,250,000 + GST

For more information please contact:

Ned Looker: 0448 689 573

Rhyce Scott: 0422 960 585

*Approximately

Remember to mention you found this property on DevelopmentReady.com.au

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