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House Details

Bedrooms  x 20   Bathrooms  20  

Vital Statistics

Block Size: 5000.0 m2 (approx)

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Suburb Info: Merimbula
Postcode Info: 2548

Merimbula Profile

Average age: 50 years
Houses: 63.6%
Townhouses: 11.9%
Flats & units: 21.9%
Other: 2.6%
Population: 3,206
     

58 Merimbula Drive (norfolk Pines Motel), Merimbula

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$1,500,000

REDEVELOPMENT SITE - MERIMBULA

Views to die for, both ocean and lake, on approximately 5000 sq. m. on the top of the hill at Merimbula. Currently running as a 20 room motel. Some renovations have been completed, clean tidy 3 star. Ideal for family operator to run current business and do a development in the future. One of the best sites in Merimbula. Possible approval for up to 16 units (S.T.C.).
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Agent Details

Ray White Merimbula

P: 02 6495 3200
F: 02 6495 3633
E: sales@raywhitemerimbula.com.au

4 Merimbula Drive Merimbula NSW 2548
www.raywhite.com/nsw/merimbula

Plancard Pty Ltd. License 323 326
Licensed Agent
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Harry Balodis

Harry Balodis View profile

0412 855 918  or  02 6495 3200 

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What do I need to purchase this property?

Initial Requirements (assuming sale price of $1,500,000)

Stamp duty $67,990
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $150,000
  Total initial payment:   $220,145

Monthly Repayments (assuming deposit of $150,000 and sale price of $1,500,000)2

Loan repayments on $1,350,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $8,936 per month

Notes

The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 10/5/11, last updated on 17/11/11, and has been viewed 1080 times. Please note the counter is not updated immediately.

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