625 Bridge Inn Road, Mernda, VIC, North East

10290 m2
Biggin & Scott Land are delighted to offer for sale this outstanding opportunity to secure a strong performing asset and townhouse build-out with this permit approved development site, offered by Expression of Interest (EOI).

Perfectly located along Bridge Inn Road, just 2 minutes walk from the new Mernda Train Station and future Mernda Town Centre (anchored by Woolworths, Big W & BWS), the site holds a permit for 10x2 bedroom & 21x3 bedroom townhouses and a 102-place childcare centre.

The childcare centre has been fully leased to an ASX listed childcare operator for circa $300,000 per annum for a period of 20 years with two further 10 year options.

* 10,290m2 Township Zone (TZ) development site
* Permit approved for 31 townhouses and a fully leased 102-place childcare centre
* 20+10+10 year lease at circa $300,000 to ASX listed childcare operator
* 2 mins walk from Mernda Train Station & future Town Centre
* Surrounded by abundant recreational, educational and transport amenity
* Fantastic opportunity to build out a project and secure a long term yielding asset

For sale by Expression of Interest
closing 12 noon, 8th May 2019.

Callum Williamson 0424 883 018
Andrew Egan 0433 989 767