Over 20000sqm of development ready land comes to the market
Over 20,000sqm of development ready land comes to the market
| 23 August 2016
A 21,890sqm Berri landholding has recently hit the market, unlocking a significant development opportunity within South Australia’s Riverland region.
Located at Lot 101 McGilton Road, Berri, the site offers a high profile position in close proximity to the new Aldi Supermarket and adjoining existing retail in Riverland Plaza Shopping Centre, Berri Cottage Homes Retirement Village and Glassey Park Sporting Field.
The site further benefits from extensive 152 metre frontage to prominent McGilton Road and favourable District Centre zoning, which will allow for a variety of development types.
CBRE’s Mitch Curnow has been appointed to sell the property on behalf of the private vendor, who is offering the site to the market in order to capitalise on the coveted location.
Mr Curnow said the site’s strategic position benefits from consistent buyer interest, particularly from local parties looking to develop and expand in the area.
“The Riverland region has recently benefited from increasing commercial buyer and developer interest, as evidenced by the recent development of the new Aldi Supermarket and Bunnings.”
The property will be sold via Expression of Interest campaign, concluding September 2 2016.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.