Merimbula. On the water

You dont get much closer to the water than this!

  • Beautiful view of the lake from managers apartment
  • Low maintenance
  • Very close to the beach
  • Located in the popular Fish pen area 
Property Type:
Region:
Sale Type:
Net Profit:
Turnover:
Apartments
NSW - South Coast
Management Rights
$95,000

Price:
$720,000
Additional Notes:

Meticulously presented resort style complex, beach side holiday location at beautiful Merimbula.Complex is located in the sort after Fish pen area of Merimbula, a short walk from the town centre. The lake is right across the road and the popular beach is only about 400 meters behind the complex.This is an ideal family holiday location that attracts repeat business year after year.The manager’s residence is very private and looks directly over the pristine lake. The manager’s residence also has its own single lockup garage facilities.The owner’s has been the resident managers for the past 8 years. They have built the business up from a lower occupancy factor to the now current occupancy of 80-85%. This occupancy could be improved even further by catering to people looking for shorter periods of accommodation. The complex presents extremely well as the current managers have kept a high standard of cleanliness and maintenance.The property care taking is done in about 17 hours a week, even less in winter. This is a AAA rated 4 star complex that is well established and we are confident that it will continue to grow as time goes by.