20-21 Brooks Drive COWELL SA 5602
UNDER OFFER

DESCRIPTION

Following significant investment by the local council, Cowell is about to undergo a transformation, with a new marina and foreshore developments including water park.
This will enhance the perception of Cowell as a holiday destination and also draw attention to Cowell as a preferred retirement location.
Offering 7228m2 of freehold residential land close to the town centre, within easy walking distance to shopping and services and the foreshore area.
For developers, the opportunity lies in land division, a housing estate, retirement village or short term accommodation (subject to necessary consents).
A holding income, whilst waiting for approvals, comes in the form of a short term lease agreement to a local transport company. Further holding income can be generated from the use of, or lease of the existing sheds on the property. The main shed measuring approx 50' x 40' with a 50' x 30' lean-to on the eastern side. Power lighting and concrete flooring provided.
An information pack is available including document to provide formal expressions of interest in this property.