Bowral retirement estate with development potential sold

Bowral retirement estate with development potential sold
Staff ReporterJune 5, 2017

A retirement estate in Bowral precinct in NSW’s Southern Highlands has sold for an undisclosed sum.

The 510 Mossvale Road, Burradoo site has an area of 3.4 hectare and is located in the  residential land sub-division. 

The Karrara Retirement Estate, currently an over 55’s strata estate, is at the corner of Moss Vale & Links Road, Bowral

It has been partially developed, with Stage 1 complete. Stage 2 has commenced. 

The median house price is $950,000, according to selling agency Colliers International.

The village currently comprises two lots, one containing a newly restored heritage home which is the main community facility within the village. 

It has an indoor pool, snooker table and several kitchenettes and community facilities. The second lot comprises nine newly built homes along with 46 additional serviced sites as well as some earthworks for stage 2 which is now ready for construction.

The selling agents were Peter Seeto and Michael Sullivan of Colliers.

 

Editor's Picks

First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout
Inside Melbourne's new nature-based neighbourhoods
First look: Stockwell files for new Vulture Street, West End apartment tower
From Broadbeach to Main Beach: Why local downsizers are making the move to Drew Group’s Lagoon Main Beach
SMA Projects makes downsizing easier at The Regent Fitzroy with ‘Settle When You've Sold’ initiative