The land of the former Colmont School in Kilmore has sold for a reported $17 million through Savills Melbourne.
The buyer is understood to be an education provider, however it declined to comment on the purchase.
Colmont’s land was listed for sale earlier this year with the intention to sell to another education provider that would repurpose the former school’s facilities.
The school went into administration in July last year and left a significant sum of money owed to staff, families and businesses – and forced parents to find immediate enrolment for their children elsewhere.
It was announced just months before the closure that the school would change its name from The Kilmore International School, TKIS, to become Colmont School and begin looking for a new site – largely due to prohibitive costs associated with renting both the TKIS name and school’s White Street premises following their respective sales in 2019.
The school was one of few in Victoria to offer the International Baccalaureate, IB, program in lieu of the Victorian Certificate of Education, VCE.
The plans for the site and a potential school under the new owners are not yet known.
Further information is expected to be made public in the coming weeks.
