This article is from the Australian Property Journal archive
A 65-hectare residential site in South Australia’s Hindmarsh Valley is offering developers the opportunity to establish a new master planned community in an in-demand growth corridor.
Allotments 31 & 32 Victor Harbor Road, located an hour out from the Adelaide CBD and within close proximity to the Victor Harbor service centre, is one of the largest englobo subdivision land holdings within commuting distance of the city.
Roger Klem and Simon Hilmgard from JLL will managing the sale of the property, via an expressions of interest campaign.
The corner site boasts street frontages in excess of 600 metres to Victor Harbor and Welch Road and is well placed to house the service workers of the southern suburbs of the city.
While freshly announced major road upgrades will duplicate the major transport corridors to Victor Harbor, cutting down commuting time to Adelaide, Tonsley, the Flinders Medical Centre, Flinders University, Lonsdale and the McLaren Vale wine region.
“With increasing residential house and land prices and a of the tightest rental market in Australia on the back of unprecedented demand, this region is becoming one SA’s most sought after districts,” said Simon Hilmgard, executive of sales and investments at JLL, SA.
Hilmgard also noted the development’s listing is well timed with the current low vacancy rate and strong median house prices in the area; ranging between $501,500 and $555,000.
The nearby Victor Harbor has also seen rapid growth in recent years, growing at more than 10% per annum for the last five years and boasting the the third largest urban area in SA when combined with Port Elliot and Goolwa.
Zoned for land subdivision for housing allotments, the property includes two titles spanning around 65.1-hectares and sits and sits adjacent to McCracken Country & Golf Club and within minutes of the local Coles, Liquorland, Aldi and Bunnings.
“An increasing number of South Australians are drawn to the appeal of being within proximity of McLaren Vale wine region, the picturesque Encounter Bay and some of Australia’s best surf beaches along the South Coast,” concluded Hilmgard.
The expressions of interest campaign for Allotments 31 & 32 Victor Harbor Road is scheduled to close on 17 November 2022.
