SOLD
Sold on 16 Nov 2023 for $3,500,000

32 Merimbula Drive
Merimbula NSW 2548

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2673m2
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Property Details for 32 Merimbula Dr, Merimbula

32 Merimbula Dr, Merimbula is a 0 bedroom, 0 bathroom House. The property has a land size of 2673m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 0 bedroom House sold in Merimbula in the last 12 months.

Building Type
House
Land Size
2673m2
Local Government
Bega Valley
Lot/Plan
111/DP1206442

Last Listing description (January 2022)

Here is your chance to secure the Freehold investment for this multi-award winning motel in one of the most picturesque seaside towns on the far South Coast of NSW. Ideally located in the heart of town, with a short walk to the CBD, restaurants and clubs.

- Well established property with experienced tenant in place
- 29 spacious rooms offering wide range of accomodation
- Central location and close to all amenities
- Annual rental income $231,103 + GST
- Spacious 2 bedroom 1 bathroom managers residence with views of Merimbula Lake
- Well maintained property
- Situated on 2,673 sqm of land
- Property inspections are by appointment only

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Property History for 32 Merimbula Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$3,500,000
16 Nov 2023
  • 16 Nov 2023
    Sold for $3,500,000
  • 25 May 2023
    Listed for Sale $3,400,000
  • 23 Jun 2021
    Listed for Sale Expressions Of Interest
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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.
There are currently 62 properties listed for sale, and 1 property listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Merimbula.

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