36 Merimbula DriveMerimbula NSW 2548
Property Details for 36 Merimbula Dr, Merimbula
Last Listing description (September 2024)
FHGC | Expression of Intrest (EOI)
Australian National Real Estate is pleased to offer this outstanding investment opportunity prominently located in the heart of Merimbula - the Centre of tourism within the Bega Valley.
Development Zone: R3 - Medium-Density Residential
- Motel Business - 25 x Rooms to meet all budget types (Standard Queen, Twin Room, Queen Deluxe Room, Small 2 Bedroom Self Contained Family Unit)
- Massive 3,600 sqm of land
- R3 - Medium-Density Residential
- DA plans available for site redevelopment (STCA)
An incredibly rare opportunity is waiting for an investor, builder, or developer alike to take this property to the next level (STCA).
- Proposed plans for 14 x apartments units (STCA)
- The property has two street access points (Merimbula St & Reid St)
- Well-located and elevated position overlooking the town
- Close to the airport with daily flights to Sydney & Melbourne
- Holding income with an established motel while you plan your development
- Opportunity to renovate into a 4-star motel
- Generously sized units
Property inspections are by appointment only, Please contact Las Widanage 0429 115 115
Australian National Real Estate may refuse to provide further information about the property should you prefer not to disclose your Full Contact Details including Phone Number.
Disclaimer:
We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements in this document. Prospect purchasers should make their own inquiries to verify the information contained in this document. Purchasers should make their own inquiries and refer to the due diligence.
Property Code: 4113
Property History for 36 Merimbula Dr, Merimbula, NSW 2548
- 04 Jul 2024Sold
- 04 Jul 2024Listed for Rent - Price not available
- 21 May 2024Listed for Sale SOLD BY LAS WIDANAGE | 0429 115 115
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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.
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