OFF MARKET

32 Merimbula Drive
Merimbula NSW 2548

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2673m2
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Last updated 11 Nov 2024
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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.

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 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Merimbula.

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