47/1 Mairburn Rd, Metung is a 4 bedroom, 2 bathroom Unit and was built in 2009. The property has a land size of 561m2 and floor size of 252m2.
Heart of the Gippsland Lakes
Metung is the 'jewel' of the picturesque Gippsland Lakes with its seaside village atmosphere and boating prominence makes it a truly unique offer in the accommodation industry.
The Metung Holiday Villas are being offered for sale with both freehold and management rights. Presented in an immaculate condition this business currently offers an approximate EBITDA of $300k PA together with extremely attractive tax depreciation benefits.
The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2011 was 1,221 people. By 2016 the population was 1,449 showing a population growth of 18.7% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a professional occupation. In 2011, 77.8% of the homes in Metung were owner-occupied compared with 79.4% in 2016.
Metung has 2,175 properties. Over the last 5 years, Houses in Metung have seen a 66.98% increase in median value, while Units have seen a 57.03% increase. As at 31 July 2024:
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