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Apartment Details

Bedrooms x 1 Bathrooms 1 Carports x 1

Air Conditioning

Swimming Pool

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

Exclusive Waterfront Apartment

If you're looking for an investment property this waterfront apartment is hard to look past. Superbly positioned in the "Crown Apartments" renowned as one of Merimbula's premier apartment complexes for both the location and quality.
Showing an excellent net return of 5% (approximately) this up market apartment is situated adjacent to the front lake, has uninterrupted views and is just a short stroll from shops, clubs, restaurants, beaches etc.
The complex has a restaurant adjoining, solar heated swimming pool, lift and under building parking. This self contained apartment comes fully furnished with indoor spa, private balcony and is superbly maintained throughout.

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Elders Real Estate Merimbula

P: 02 6495 3000
F: 02 6495 1672
E: merimbulare@elders.com.au

Shop 7, 62 Main Street Merimbula NSW 2548
www.eldersmerimbula.com.au

Fourways Pty Ltd, Lic 898026
Licensed Agent
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James Cravana View profile

0428248008 or 64953000 james@eldersmerimbula.com.au

View all sales listings for this agent

What do I need to purchase this property?

Initial Requirements (assuming sale price of $260,000)

Stamp duty	$7,590
Legal fees¹	$1,500
Loan application fees²	$655
Minimum deposit (10%)²	$26,000
	Total initial payment: $35,745

Monthly Repayments (assuming deposit of $26,000 and sale price of $260,000)²

Loan repayments on $234,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment: $1,549 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 12/10/11, last updated on 21/2/12, and has been viewed 178 times. Please note the counter is not updated immediately.

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