FOR SALE
$3,500,000 - $3,700,000

1 Beach Street
Merimbula NSW 2548

Bedrooms: 7
Bathrooms: 7
Car spaces: 4
Land area: 689m2
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1 Beach Steet, Merimbula

Beach Street Apartments – A Premier Merimbula Investment Opportunity.
Offered for sale for the first time, Beach Street Apartments presents an exceptional investment opportunity in one of Merimbula's most desirable locations. Positioned just metres from the crystal waters of Merimbula lake, this property includes 4 fully self-contained apartments, each with private balconies offering stunning views over Merimbula Lake.
This incredible locale delivers front-row access to the very best of Merimbula lifestyle with boating, water sports and fishing just steps away.
Developers, Investors or Owner-Occupiers, there is something for everyone with this rare gem, so act fast to ensure you secure this prime piece of real estate. Providing the new owner the option to land bank with a holding income, or hold until you formulate development plans to capitalise on the site's full potential, alternatively live in one and collect the rent from the others.
Property Highlights include:
Three x 2-bedroom apartments with deck and incredible water views
One x 1-bedroom apartment with deck and incredible water views
Tastefully decorated interiors with queen-size beds
Fully equipped kitchens with dishwasher and microwave
Main bathrooms with en suites and spa baths
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Property Details for 1 Beach St, Merimbula

1 Beach St, Merimbula is a 7 bedroom, 7 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 689m2. The place is currently for sale with One Agency Dwyer Properties.

Building Type
BlockOfUnits
Land Size
689m2

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About Merimbula 2548

The size of Merimbula is approximately 18.3 square kilometres. It has 14 parks covering nearly 8.6% of total area. The population of Merimbula in 2011 was 3,277 people. By 2016 the population was 3,544 showing a population growth of 8.1% in the area during that time. The predominant age group in Merimbula is 60-69 years. Households in Merimbula are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation. In 2011, 57.8% of the homes in Merimbula were owner-occupied compared with 58.3% in 2016.

Merimbula has 3,592 properties. Over the last 5 years, Houses in Merimbula have seen a 57.40% increase in median value, while Units have seen a 64.11% increase. As at 31 October 2024:

  • The median value for Houses in Merimbula is $861,631 while the median value for Units is $521,351.
  • Houses have a median rent of $660 while Units have a median rent of $480.
There are currently 63 properties listed for sale, and 1 property listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Merimbula.

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Simon Robins
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