32 Sycamore Road, Glenburnie SA 5291

EXPRESSIONS OF INTEREST BY 12PM FRIDAY 11TH MARCH 2022 (UNLESS SOLD PRIOR)
Ray White Mt Gambier are pleased to offer 32 Sycamore Road, Glenburnie for sale. This is a rare opportunity to purchase a significant parcel of residential zoned land of approximately 28.4 acres (11.50 hectares.) On the outskirts of Mount Gambier's city limits.
This unique opportunity is located close to the popular Blue Lake Sports Park, skate park and the spectacular Umpherston Cave. With schools, recreation, shopping and dining options all in close proximity, living on the edge of town has never looked better. With the bulk of the time and expense associated with planning and approvals process already complete, this property offers investors the chance to move quickly in realising the potential of a new subdivision/estate. The possibilities are endless and with the rental / sale market in the Limestone Coast accelerating, now is the time to realise the potential.
Entry to the property is via Sycamore Road where a sweeping driveway has been established that winds through the centre of the land. The proposed plans for the subdivision include;
Stage 1 - 10 rural living allotments (allotments approximately 3,000m2 each.)
*Stage 1 is already approved by council and ready for development.
Stage 2 - 44 residential allotments (allotment sizes varying from approximately 800m2 - 1,200m2 each.)
* Stage 2 allotments offer sewerage connections and are in the final stages of the formal approval process.
With land in Mount Gambier and surrounding areas highly sought after, this is an incredible opportunity to create an exciting new estate and capitalise on the high demand for vacant allotments.
The land has convenient access in and out of the rural city and is close to amenities offering country style living with all the benefits of the city. The plans for this development include housing and a nature reserve with ponds, making it perfect for creating a natural space suitable for families to enjoy. The expansive 28 acres makes the most of surrounding spaces reflecting what the Limestone Coast has to offer for those looking to buy property for living or investment.
Don't miss this rare chance to purchase prime development land. Speak to Tahlia and the team at Ray White Mt Gambier to explore the full potential and examine the impressive planning and work that is already underway. RLA 291953