Shovel Ready, Multi-lot Residential Development Site

On behalf of Turner Securities as Managing Controller, Colliers International is pleased to offer 32 Sims Road, Mount Barker for sale via Expressions of Interest.

On the back of massive residential growth and unrivalled popularity in the Adelaide Hills region, this is a superb opportunity to secure a substantial, partially completed, shovel ready, multi-lot residential development site located amongst quality projects in one of the fastest growing regions of South Australia and one of SA's most desirable districts.

Known as Karra Estate, 32 Sims Road, Mount Barker comprises a partially completed residential development with Development Approval for 125 residential allotments, plus reserve areas. Most of Stage 1A of the project has already been developed.

Included in this Expression of Interest sale process are:
• the undeveloped englobo land parcel of 11.5345 hectares approximately, together with
• any allotments within Stage 1A that remain unsold at the close of the Expressions of Interest process.

The current Development Approval notes that a total of 97 allotments are approved to be developed on allotment undeveloped englobo land, however there is an opportunity to significantly increase the yield on the englobo land with a recently prepared concept plan indicating 117 allotments.

Located in one of the fastest growing regions in Australia, the District Council of Mount Barker population estimate is forecast to grow by 55% from 36,477 in 2019 to 56,710 by 2036. (source: forecast.id.com.au)
The southern region of Mount Barker is undergoing a significant transformation with a number of subdivisions, land releases and house and land packages being developed. Significant development activity is occurring in and around the Sims Road / Paech Road intersection, positioning this site as an exceptional development opportunity.