OFF MARKET

5/4 Omega Street
Merrijig VIC 3723

Bedrooms: 3
Bathrooms: 3
Car spaces: -
Floor area: 154m2
Land area: 110m2
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Property Details for 5/4 Omega St, Merrijig

Building Type
Commercial
Year Built
1978
Floor Size
154m2
Land Size
110m2
Local Government
Mansfield
Lot/Plan
5/PS516121

Last Listing description (February 2022)

A fantastic opportunity exists to secure the ultimate investment property at the base of Mt Buller and foothills to the High Country. Perfectly positioned in the heart of Merrijig, close to the local pub and restaurants, and on the banks of the Delatite River. Whether you enjoy skiing, trail riding, fishing, mountain biking or 4W driving, it's all just moments away. Mansfield town centre is a convenient 15 minute drive offering many cafes, shops, events, parks and more.

The Pine Apartment contains (Pine 1, Pine 2 and Pine 3) and is run as a very successful holiday rental, close to being fully booked throughout winter and has a strong booking rate during the summer months.

Features include:

- Pine 1 - sleeps 4, kitchenette, split system and bathroom
- Pine 2 - sleeps 6, kitchen, lounge, split system, gas cooktop/oven
- Pine 3 - sleeps 4, kitchenette, split system and bathroom
- Mains water and mains power connected to all
- Under apartment storage
- Large (32) gas insulations hot water service
- Exclusive access to pool, tennis court and amenities
- Lovely rural views over the Delatite river and beyond

Income for the last 3 years is available on request, property is being sold fully furnished and includes the established website, online agent, channel manager and all forward bookings. For more information please contact the listing agent.

**Disclaimer**
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Property History for 5/4 Omega St, Merrijig, VIC 3723

A timeline of how this property has performed in the market
Last Sold
$435,000
28 Jan 2022
  • 28 Jan 2022
    Sold for $435,000
  • 11 Oct 2021
    Listed for Sale $475,000
  • 08 Apr 2004
    Sold for $130,000

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About Merrijig 3723

The size of Merrijig is approximately 157.3 square kilometres. It has 1 park covering nearly 46% of total area. The population of Merrijig in 2011 was 705 people. By 2016 the population was 539 showing a population decline of 23.5% in the area during that time. The predominant age group in Merrijig is 10-19 years. Households in Merrijig are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrijig work in a professional occupation. In 2011, 67.6% of the homes in Merrijig were owner-occupied compared with 73.4% in 2016.

Merrijig has 540 properties. Over the last 5 years, Houses in Merrijig have seen a 88.21% increase in median value, while Units have seen a 60.85% increase. As at 31 August 2024:

  • The median value for Houses in Merrijig is $869,617 while the median value for Units is $623,527.
  • Houses have a median rent of $500.
There are currently 17 properties listed for sale, and 1 property listed for rent in Merrijig on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Merrijig.

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