Extremely well maintained freehold property with potential upside.
Improvements comprise a two storey residence plus six self-contained holiday units.
Attractively landscaped grounds include swimming pool, bbq area and onsite parking.
Substantial 1,809 sqm site over two titles with dual access.
Convenient CBD location close to Woolworths, Sapphire Bowling Club, major banks, local cinema and is only 250 m from Merimbula’s main retail strip and scenic waterways.
Major coastal town, established & growing residential population.
Popular tourist destination for Sydney, Melbourne (both daily flights) and Canberra holiday makers.
Possible future strata, subdivision or redevelopment site as current improvements underutilise zoning allowances (STCA).
Move in and run the business or hire an onsite manager.
For Sale with Potential Gross Income: $125,000 – $160,000 pa (estimated).
Indicative Price: Over $1,000,000 (under replacement value).