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95-97 Main Street
Merimbula NSW 2548

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Land area: 4084m2
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Prime Coastal Development Site | DA Approved for 40 Apartments

H Real Estate Merimbula and Burgess Rawson are pleased to offer to the market 95-97 Main Street, Merimbula NSW via Expressions of Interest.
Merimbula, a coastal paradise, is nestled 349km south of Sydney on the stunning Sapphire Coast of New South Wales. This year-round tourist destination attracts visitors from Sydney, Melbourne, and Canberra, with daily flights to and from Melbourne.
Renowned for its pristine beaches, crystal-clear waters, and breathtaking coastal scenery, Merimbula offers a plethora of outdoor activities. From world-class surfing spots to abundant fishing opportunities, including game and deep-sea fishing, there's something for everyone. The region's pristine waters are also home to renowned oyster farms, producing some of the finest oysters in the region.
Merimbula's booming residential market, with a median unit price increasing by 8.3% over the past 24 months, presents an attractive investment opportunity. The town is part of the Bega Valley Shire Council, which welcomes over one million visitors annually, contributing a significant $480 million to the local economy.
The property has the following key highlights:
+ DA approval for a four-storey residential complex incorporating 40 apartments and 68 car spaces.
+ Construction drawings available.
+ Spacious 2 & 3 bedroom apartments with stunning water views.
+ Significant 4,084sqm* freehold site across two titles with 40 metre* frontage to Main Street.
+ Important rear vehicular access via Bowlers Drive.
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Property Details for 95-97 Main St, Merimbula

Building Type
Land
Land Size
4084m2

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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 3,597 properties. Over the last 5 years, Houses in Merimbula have seen a 67.45% increase in median value, while Units have seen a 61.38% increase. As at 30 November 2024:

  • The median value for Houses in Merimbula is $906,714 while the median value for Units is $492,460.
  • Houses have a median rent of $670 while Units have a median rent of $480.
There are currently 63 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Merimbula.

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