OFF MARKET

98 Possumtail Run
Merrimu VIC 3340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 211582m2
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Property Details for 98 Possumtail Run, Merrimu

Building Type
Commercial
Land Size
211582m2
Local Government
Moorabool
Lot/Plan
18/PS545410

Last Listing description (October 2020)

GROUP ACCOMMODATION - FREEHOLD INVESTMENT
(With potential to owner-operate in the near future)

20 hectares of land with potential future potential.

Sleeps 90 in 14 rooms

45 minutes from Melbourne

Caters to a wide variety of end users

Unique Architect designed building

State Forest along one boundary



This iconic School Camp has been established for 35 years and is very well known with a solid reputation within the industry.

The Freehold vendors built the business around a magnificent natural stone building and started operation in 1985.

The property has been leased for the last 20 years, the Freehold vendors now wish to sell. Over this time the use of the property has diversified and recently has become a favorite venue for Bush Weddings.

The current lessees have expanded the business, which has close proximity to Melbourne, Geelong and Ballarat, and now has a very impressive turnover. Many of the customers are regulars, some having spanned over 20 years.

Supervision, safety and conviviality are all enhanced because all accommodation and facilities are within the one large building. The well-established business name will be sold with the freehold.

Private personal accommodation is available for a small family within the building consisting of 2 bedrooms, private bathroom, kitchenette and separate entrance. Alternately a purchaser could rent the impressive vendors former home on 8 Ha of adjoining land.

A third alternative is to build a new managers residence on the existing School Camp land.


https://www.sunnystones.com.au/
Please visit the above site for a virtual tour of the camp.

Property History for 98 Possumtail Run, Merrimu, VIC 3340

A timeline of how this property has performed in the market
Last Sold
$1,600,000
22 Jan 2020
  • 22 Jan 2020
    Sold for $1,600,000
  • 29 Jul 2019
    Listed for Sale $1,600,000.00

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About Merrimu 3340

The size of Merrimu is approximately 18.7 square kilometres. It has 6 parks covering nearly 0.6% of total area. The population of Merrimu in 2011 was 271 people. By 2016 the population was 363 showing a population growth of 33.9% in the area during that time. The predominant age group in Merrimu is 0-9 years. Households in Merrimu are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Merrimu work in a trades occupation. In 2011, 90.5% of the homes in Merrimu were owner-occupied compared with 84.2% in 2016..

Merrimu has 185 properties. Over the last 5 years, Houses in Merrimu have seen a 23.39% increase in median value. As at 31 October 2024:

  • The median value for Houses in Merrimu is $753,017 while the median value for Units is $506,669.
There are currently 3 properties listed for sale, and no properties listed for rent in Merrimu on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Merrimu.

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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.