Murray Bridge | Developments & News

Developments in Regional South Australia. Including Port Lincoln, Victor Harbor, Wallaroo, Gawler and Mount Barker.
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SBD
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Re: Murray Bridge | Developments & News

#151 Post by SBD » Thu Jun 06, 2019 4:37 pm

how good is he wrote:
Thu Jun 06, 2019 4:10 pm
I would say they have already secured a site before making this announcement and doubt they would be looking at any still for sale/on the market.
An article below I found talks about the potential airport & transport hub being at Monarto... so maybe this area is likely for Thomas foods?
https://www.murrayvalleystandard.com.au ... ht-bypass/
I'd expect a land purchase contract to be signed, but subject to various conditions such as approval to built an abattoir on the site and access to sufficient electricity, water, finance etc before settlement. The announcement today presumably means that all of these conditions are satisfied.
Real estate agents don't take down their ads while there is any possibility of the sale falling through for two related reasons - 1) to ensure they have a fallback buyer interested and 2) to maximise their exposure so that any newly-interested parties can be switched to another property through the same agent.

I guess we will find out in time where it will be. I'm not sure if the railway and freeway junctions or route have been finalised yet, so the airport may have a few possibilities depending on who is ready to sell land cheapest when/if the time comes.

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Re: Murray Bridge | Developments & News

#152 Post by how good is he » Thu Jun 06, 2019 5:06 pm

They wouldn’t take down the ad but they would at least put under contract on it and I think they would be obliged to disclose this very material fact. I also doubt Thomas Foods would wait this long to secure a new site.. I would expect it was done many, many months ago.
I also wouldn’t be surprised if the land isn’t already secured for any potential airport/transport hub but not that it was bought land but existing Crown/Govt land that has been reserved.

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