OFF MARKET

585 River Avenue
Merbein South VIC 3505

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 233897m2
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Property Details for 585 River Ave, Merbein South

Building Type
Land
Land Size
233897m2
Local Government
Mildura
Lot/Plan
2/PS735992

Last Listing description (November 2022)

QCommercial Properties in Conjunction with RE/MAX U is proud to present to the market a large 12.02 hectare DA approved Service Station development opportunity located at Lot 1/585 River Ave Merbein South. This land is strategically situated on a corner allotment with high exposure and massive frontages onto Sturt Highway and River Avenue. This asset presents the astute developer, investor and/or owner occupier the opportunity to secure a large valuable asset that can be developed in one go or staged (STCA).

DA Approved Development site for a large regional truck stop and fast-food facility
Strategic corner location with direct highway access (both directions)

Excess land for further development (STCA)
Massive land parcel - 12.02 Hectares* on two titles
Strategic corner location with highway exposure
Huge frontage -circa 500m* along Sturt Highway & 220m* along River Avenue
8 km* from central Mildura, 2.5 km* from Mildura airport
Ideal opportunity for the astute Developer, Investor and/or Owner Occupier

For further information on this asset please contact the exclusive marketing agent.

Property History for 585 River Ave, Merbein South, VIC 3505

A timeline of how this property has performed in the market
Last Sold
$1,815,000
23 Mar 2018
  • 23 Dec 2020
    Listed for Sale $1,250,000
  • 23 Mar 2018
    Sold for $1,815,000
  • 10 Jan 2018
    Listed for Sale For sale by Auction
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About Merbein South 3505

The size of Merbein South is approximately 29.1 square kilometres. It has 3 parks covering nearly 0.8% of total area. The population of Merbein South in 2011 was 586 people. By 2016 the population was 384 showing a population decline of 34.5% in the area during that time. The predominant age group in Merbein South is 50-59 years. Households in Merbein South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein South work in a managers occupation. In 2011, 86.1% of the homes in Merbein South were owner-occupied compared with 84.9% in 2016..

Merbein South has 196 properties. Over the last 5 years, Houses in Merbein South have seen a 10.90% increase in median value. As at 31 August 2024:

  • The median value for Houses in Merbein South is $423,970 while the median value for Units is $283,104.
There are currently 2 properties listed for sale, and no properties listed for rent in Merbein south on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Merbein south.

Suburb Insights for Merbein South 3505

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.