This is one of those sought after real estate opportunities that will excite your investment portfolio. Situated on 1,606m2 of prime Merimbula land is this five-unit complex, on two titles, with ocean views on one side & Merimbula lake views on the other. This recently renovated complex consists of 3 x 1 bedroom units & 2 x 2 bedroom units, all currently tenanted with excellent & competitive returns. This unique property offers a great opportunity to diversify your investment portfolio or the flexibility of a live-in unit for yourself with rental returns from the other 4. Located in the heart of the stunning Sapphire Coast & offering sun-kissed coastal freedom, where mornings and weekends spent fishing, paddle boarding, surfing & kayaking on Merimbula's spectacular waterways are a way of life. Simply add this complex to your rental portfolio as-is and enjoy an instant return on your investment. . - New kitchen in all 5 units - New flooring in each unit - Freshly painted throughout both the interior & exterior of the complex - Sun filled interiors with each unit having open plan living, dining & kitchen areas - Easy care grounds with plenty of off-street parking for tenants & visitors - Expansive rear yard with scenic outlook to Merimbula Lake & unspoilt bushland beyond - Enjoy a vibrant mix of restaurants, cafes, clubs & sporting facilities within easy reach
5 Car Space(s)
No open inspections scheduled.
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Block Size:1606 m²*
*These are approximate values based on available information.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.