The Land: Lot 7 is located just 10 minutes from the city centre and within the mix of the regions transport hub and smaller farmlet developments. The lot is 12.4 ha or 30 acres approx. in size, it has a 160 metre frontage to Edward Rd and has excellent exposure for commercial purposes. The land is level and scheme water and power are available.
The Zoning: The land is now zoned Rural Res/Industry Light which means (with the citys approval) that a mix of 1500m2 minimum light industry lots and 1 ha rural res lots could be planned, or develop just rural or just industrial. You may choose to simply secure a large parcel and build your home to enjoy the benefits of living on a large lot with a view to possible future development.
Method of Sale: Expressions of Interest. This simply means that from June 1st to the close of expressions on June 29th offers will be received and held in trust by the agency to be presented to the sellers rep on the 29 June for the sellers decision. It's simple, and offers can be subject to finance or cash
The size of Meru is approximately 4.4 square kilometres. The population of Meru in 2011 was 508 people. By 2016 the population was 23 showing a population decline of 95.5% in the area during that time. The predominant age group in Meru is 10-19 years. Households in Meru are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Meru work in a labourer occupation. In 2011, 87.1% of the homes in Meru were owner-occupied compared with 70.6% in 2016..
Meru has 67 properties. Over the last 5 years, Houses in Meru have seen a 93.63% increase in median value. As at 30 November 2024:
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