New Price Record for Coastal Retreat of Merricks |
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Written by Marc Pallisco
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Sunday, 11 February 2007 |
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A new record for the budding township of Merricks has been set.
A farm and homestead - high on a hill of course - and with expansive views of Western Port Bay from Flinders through to Phillip Island, has sold for $6 million to an undisclosed buyer, possibly from overseas.
The estate included a 5-bedroom stone masonry house, mature fruit orchards, fernery, rainforest, three water reservoirs and a massive underground storage tank.
Selling agent Michael Keating of AAB Global Real Estate said the home belonged to the same family since it was built early last century – until recently, when new owners invested “a fortune” restoring it.
Mr Keating said real estate prices in the corridor of Flinders to Somers are increasing more and more each year. He said a strong inquiry continues to come from overseas, in particular from investors in the United Kingdom and Hong Kong.
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