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Commercial, Residential
625 Bridge Inn Road, MERNDA, VIC 3754

Property details

  • Property ID:
    15425
  • EOI:
    Closing 12 noon, 8th May 2019
  • Area:
    10,290.00 m2 (*approx)
  • Type:

    Commercial: Child Care

    Residential: Townhouse Sites

  • Development Approved:
    31 Townhouses and 102 Place Childcare Centre
Agency information
Callum Williamson
Andrew Egan

Overview

PERMIT APPROVED! 31-TOWNHOUSE AND 102-PLACE CHILDCARE SITE OPPOSITE TRAIN STATION & TOWN CENTRE

Biggin & Scott Land are delighted to offer for sale this outstanding opportunity to secure a strong performing asset and townhouse build-out with this permit approved development site, offered by Expression of Interest (EOI).

Perfectly located along Bridge Inn Road, just 2 minutes walk from the new Mernda Train Station and future Mernda Town Centre (anchored by Woolworths, Big W & BWS), the site holds a permit for 10x2 bedroom & 21x3 bedroom townhouses and a 102-place childcare centre.

The childcare centre has been fully leased to an ASX listed childcare operator for circa $300,000 per annum for a period of 20 years with two further 10 year options.

  • 10,290m2 Township Zone (TZ) development site
  • Permit approved for 31 townhouses and a fully leased 102-place childcare centre
  • 20+10+10 year lease at circa $300,000 to ASX listed childcare operator
  • 2 mins walk from Mernda Train Station & future Town Centre
  • Surrounded by abundant recreational, educational and transport amenity
  • Fantastic opportunity to build out a project and secure a long term yielding asset

For sale by Expression of Interest

closing 12 noon, 8th May 2019.

Callum Williamson 0424 883 018

Andrew Egan 0433 989 767

Remember to mention you found this property on DevelopmentReady.com.au

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