3/16-18 Ocean View AvenueMerimbula NSW 2548
Property Details for 3/16-18 Ocean View Ave, Merimbula
3/16-18 Ocean View Ave, Merimbula is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 1600m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Last Listing description (April 2022)
Picture yourself relaxing, wine in hand, on the balcony of this luxury holiday-managed apartment overlooking the sapphire colours of Merimbula Lake.
Albacore Apartments Unit 3 is a spaciously appointed one-bedroom apartment with a full kitchen, spa bath and separate shower and full laundry facilities. It is located on the pool deck making it a popular choice for guests.
The Albacore Apartments complex is the premier holiday complex in town, rated highly for its proximity to the towns eateries, and boasting the only accommodation with a lift and undercover secure parking.
A short stroll to the Boardwalk, Mitchies Jetty, Main Beach and the centre of town, this apartment is positioned perfectly to benefit from all that Merimbula has to offer.
This one bedroom unit is on-site managed and comes fully furnished. The perfect opportunity for an investor or regular Merimbula holiday lover, this property is certain to impress!
- stunning water views
- full kitchen
-
bathroom with separate shower, spa bath and built-in laundry facilities
-
large open plan living / dining space (approx. 86m2 in total)
- east facing balcony
- allocated undercover carspace
- lift
- heated pool and BBQ area
For the investor
- Expected annual return gross - $35k
- Annual strata costs Admin $5280 Sinking $2100
- Any other annual costs Advertising/Phone/Foxtel - $2,212
- The amount of time an owner can spend in the unit each year Up to 3 months under holiday letting zoning - 14 days of this being commission free
For further details please call Chelsea 0414 322 665
Please Note - internal photos are of a similar property
The team here at First National Collective are very proud to be able to bring this property to the market. We have absolutely no doubt that this will be a much loved home for many years to come.
Property History for 3/16-18 Ocean View Ave, Merimbula, NSW 2548
- 28 Jan 2022Sold for $380,000
- 14 Jan 2022Listed for Sale $399,000 - $429,000
- 29 Sep 2021Listed for Sale $399,000 - $429,000
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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 3,591 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.
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