FOR SALE
EOI Closing Friday 6th December at 5.00pm

55 Merri Meadows Lane
Merriang South VIC 3737

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 127ha
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300 acres - Buffalo River frontage - Licensed gravel pit

Situated in the beautiful Buffalo River Valley, surrounded by rolling hills and mountain peaks, this expansive property is located only 10 minutes from the thriving town of Myrtleford.
Currently running beef cattle, the property consists of river flats, with approximately 1km Buffalo River frontage, open hill grazing rising to steep bush.
Central to the property, a large gravel pit had been operated by a family-owned business since the late 80's, recently producing large volumes of landscape materials and road bases at a commercial scale. The asset has a current work authority WA407 for the extraction of river gravels with options to expand.
Commercial scale quarries represent a significant opportunity for Government or civil works enterprises to secure quality properties for future growth.
Recently, the vendors have undertaken site investigations into potential areas to establish a new hard rock quarry on a site to the property's southern boundary, with access points to main haulage routes.
Exploration drilling proved the existence of hard rock resources available to possibly develop a quarry, that could produce product adequate for uses by government and private operators, subject to further investigation.
Key Information:
• 124.95 Ha - 309 ac freehold plus Road lease ( 4.17 ha approx)
• Three titles - Possible building entitlement ( STCA)
• Fully approved extraction gravel pit
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Property Details for 55 Merri Meadows Lane, Merriang South

Building Type
Rural
Land Size
127ha

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About Merriang South 3737

The size of Merriang South is approximately 21.4 square kilometres. It has 1 park covering nearly 0.9% of total area. The population of Merriang South in 2011 was 485 people. By 2016 the population was 26 showing a population decline of 94.6% in the area during that time. The predominant age group in Merriang South is 60-69 years. Households in Merriang South are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Merriang South work in a clerical occupation. In 2011, 75% of the homes in Merriang South were owner-occupied compared with 44.5% in 2016..

Merriang South has 27 properties. As at 31 October 2024:

  • The median value for Houses in Merriang South is $1,056,068 while the median value for Units is $800,695.
There are currently 1 property listed for sale, and no properties listed for rent in Merriang south on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Merriang south.

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Billy Jones
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NUTRIEN HARCOURTS ALBURY
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