Prime Merimbula Motel/Development Site with Breathtaking Vistas (STCA)
101-105 Merimbula Drive, Merimbula NSW 2548
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Commercial LandSize: n/a
Block size: 8119 m² approx.
Situated at the peak of Merimbula, is the Kingfisher Motel. This first class opportunity benefits from sweeping panoramic vistas with breathtaking water views. The beautiful Sapphire Coast's most vibrant town sits in plain sight.
The property is currently operated as a 14 room motel with an additional managers residence. The Kingfisher has been successfully run for 35+ years. The property sits on a 8,119sqm block with a R3 Zoning and 10m height limit. The ability to purchase more than 2 acres of R3 zoned land with unobstructed water views in Merimbula is rare to market.
The Opportunities: 1. Keep and improve the existing motel operation and activate the unused development potential. 2. Build a brand new motel with the best views in Merimbula. 3. Build a brand new residential development with unrivalled panoramic views. 4. Subdivide and sell off unused land for additional income.
All of the above opportunities benefit from favourable holding income whilst you undergo planning.
Key Site Features: *8,119sqm site with sweeping unobstructed water views. *1.4km from Merimbula Shopping Precinct. *Holding income friendly by way of operational motel. *Recently expanded airport (fly direct from Sydney or Melbourne)
Due diligence material and further information is available upon request.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Mark Reale to learn more about this property, request an inspection or take an online tour.
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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.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.