Prime Investment Opportunity in Upper Spencer Gulf: Affordable Residential Estate Development

Lot 5020 Downey Close PORT AUGUSTA WEST

$1.1M - $1.2M



This development opportunity presents an ideal investment prospect for those seeking to develop an affordable residential estate and take advantage of the thriving economic activity in the Upper Spencer Gulf region. Positioned in the esteemed Golf View Estate, situated on Port Augusta’s West side, this site boasts a premium location renowned within the local community.

Port Augusta’s strategic central location between Port Pirie and Whyalla in the Upper Spencer Gulf region ensures its favorable position for continued growth and prosperity. The region has consistently attracted significant investments, including solar farms, wind farms, new ports, eco concrete production, and the establishment of a hydrogen plant in Whyalla by the Labor government. Moreover, the region’s strong foundation in mining and services further secures its promising future.

The development site offers convenient access to an array of services provided in Port Augusta and benefits from fully bituman road access. Spanning across 20 allotments ranging from 650sqm to 2,094sqm each, there exists the potential to adjust the approved plan and expand the number of allotments within the development.

Presently, the current owner has made substantial investments in infrastructure and secured planning approvals. However, they are now seeking to transition into retirement, presenting a remarkable opportunity for a new developer to take over and bring the project to fruition. Whether you are an experienced developer or embarking on your inaugural venture in the field, this opportunity offers a turnkey solution with existing groundwork and planning in place.

Recognized as the Crossroads of Australia, this location additionally enjoys seamless access to Highway One, a major freight route traversing South Australia. This advantageous position facilitates efficient transportation links to the Northern Territory, Western Australia, and beyond. Undoubtedly, this blue-chip location is poised to attract home buyers from Port Augusta, Whyalla, Port Pirie, as well as both local and international investors.


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RLA: 199467

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