SEVERAL private schools are lining up to buy the insolvent Mowbray College, whose three campuses at Melton are for sale.
Fitzroys agent David Bourke, part of the Fitzroys-CBRE team selling the college, said several schools had identified Melton as a place for them to establish and expand. ”Melton campus is a significant infill site well suited to development. There is still a reasonably steady market in the schools sector,” he said.
Mr Bourke said all three Mowbray campuses were extensive in scope. ”The cost to replace them would be very high,” he said, so a number of private school bodies were interested. ”There are also inquiries from developers. The town centre campus is well located in the centre of Caroline Springs, and the Melton property is also a large infill site.” The campuses could be adapted for community or educational use.
Mowbray College collapsed earlier this year and was placed in receivership in July under liquidator Sam Algeri of Deloitte. The three school properties up for grabs are:
* Patterson Campus, Centenary Avenue, Melton – 17.85 hectares zoned Residential 1 with classrooms, halls, gymnasiums and sporting facilities.
* Town Centre Campus in Caroline Springs – 1.25 hectares zoned ”Comprehensive Development”.
* Brookside Campus, Caroline Springs – 1.057 hectares with education facilities and zoned Residential 1.
The expressions of interest campaign closes on September 14.
