SOLD
Sold on 09 Oct 2023 for $3,700,000

3670 Frankston-Flinders Road
Merricks VIC 3916

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 152m2
Land area: 53825m2
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Property Details for 3670 Frankston-Flinders Rd, Merricks

Building Type
Unknown
Year Built
1950
Floor Size
152m2
Land Size
53825m2
Local Government
Mornington Peninsula
Lot/Plan
CP165304

Last Listing description (September 2023)

For Sale as Freehold Going Concern - Expression of Interest Invited

Xcllusive Business Sales and Australian Business Sales are pleased to offer to the market this unique property at 3670 Frankston-Flinders Road, Merricks, VIC 3916.

The property is owned by the Uniting Church and operates as a group accommodation with extensive buildings and facilities to accommodate 170 guests. The freehold land together will all associated business assets, buildings and improvements are offered for sale via an Expression of Interest.

Highlights:

- A rare 13.26 Acres property set in prime location in the beautiful Merricks, Mornington Peninsula

- Unique site that offers both multiple commercial and lifestyle options subject to council and planning approvals.

- There are extensive buildings that include guest accommodation, 2x commercial kitchens, 2x dining halls, lounge/activity rooms, onsite manager and staff accommodation.

- Multiple income opportunities from school camps, social/interest/sports group accommodation, conferences, weddings, and the functions market.

- Close to Western Port Bay for water-based activities.

- Includes a beautiful lake on site.

- Significant upside potential to increase occupancy and revenue.

- Vacant procession for a new owner to put their stamp on these prime assets and drive business growth.

The Uniting Church in Australia has decided that the operation and management of campsites is not integral to the church's purpose and mission.

The business and freehold is being offered as a Freehold Going Concern and is for sale via Expression of Interest

All site visits and inspections must be pre-arranged with the Agent.

All offers must be submitted to the Agent by 3 pm, Tuesday 22nd August 2023.

The sale is for the Freehold property including the business as a going concern. Interested parties will need to sign a Confidentiality Agreement before further details and inspection can be arranged.

The Agent and the Vendor may vary the dates and withdraw any or all the sites from the sale process before a binding agreement is entered into.

Video links:

Merricks https://www.youtube.com/watch?v=rs6y-4VUljA

Property Code: 3502

Property History for 3670 Frankston-Flinders Rd, Merricks, VIC 3916

A timeline of how this property has performed in the market
Last Sold
$3,700,000
09 Oct 2023
  • 09 Oct 2023
    Sold for $3,700,000
  • 01 Aug 2023
    Listed for Sale EXPRESSIONS OF INTEREST
  • 25 Aug 2006
    Sold for $1,500,000
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About Merricks 3916

The size of Merricks is approximately 11.9 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Merricks in 2011 was 1,171 people. By 2016 the population was 175 showing a population decline of 85.1% in the area during that time. The predominant age group in Merricks is 50-59 years. Households in Merricks are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Merricks work in a managers occupation. In 2011, 84.1% of the homes in Merricks were owner-occupied compared with 84.8% in 2016..

Merricks has 146 properties.

    There are currently 1 property listed for sale, and no properties listed for rent in Merricks on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Merricks.

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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.