Rare you will be posed with such a lucrative opportunity to develop a substantial site in the heart of the Gawler Council area.
The total area of this impressive block sits just under 1.5 acres boasting approximately 5,670 sqm.
The unique benefit this block offers is that much of the hard work has already been done so it’s ready to take to the next level.
A great deal of time and money has been invested whilst dealing with the council to the point where approvals have already been granted to subdivide into 11 Community Title Blocks.
Block sizes range from 335sqm to 460sqm offering a variety of options to facilitate the local area in vacant land sales.
There are some infrastructure costs still required to be completed as part of the conditional approval of the 11 Community blocks.
This would include the provisional installation of services such as sewer, mains water and electricity plus the requirement to complete the common driveway to the necessary specifications.
Further information and costs associated to these requirements can be provided upon request.
Gross expected return with all Community Blocks sold is estimated around 1.2 Million based on realistic sale prices for each block which will deliver a substantial profit margin at a calculated risk.
The potential profit could be much more if you chose to construct the dwellings to completion or even market them as house and land packages.
Call me anytime and I would happily disclose the reason for sale and assist with any other information that you require.
This genuinely is a wonderful opportunity to continue where someone else has left off and complete a fantastic development project that is sure to generate some significant profit.