Picturesque group getaway

A rare opportunity exists for an organisation or savvy investor to take advantage of the picturesque setting of Merimbula’s Fishpen Peninsula.

A 23-room accommodation property with five bathrooms and 10 parks is on the market, providing the perfect location for a community or education-focused organisation.

The property was built as a YHA hostel in 1994. Owners Wayne and Betty Tuckfield have managed the property for 15 years and were originally part of the YHA network until two years ago, when they moved towards specialising in group accommodation.

The couple is moving towards retirement and Mr Tuckfield says the specialised property would be a perfect fit for an institution, university group or sporting club looking for a seaside facility or weekend getaway.

“It’s a great location for school groups, just 150 metres from the main beach at Merimbula,” he says.

“We really see it as a good spot for marine-based excursions, rather than a hostel.”

Luton Properties Manuka agents Greg Hedger and Samantha Granter are selling the property in conjunction with Sails Real Estate agents Steve Haslam and Kim Poso.

Mr Hedger says he expects the property could appeal to a variety of Canberra-based groups as a training facility or a retreat.

“The Fishpen Peninsula is a stunning area and it’s been quite popular over the years,” Mr Hedger says.

“The property offers good proximity to the water and the flexibility of the building would lend itself to a multitude of uses, subject to council approval.”

Halfway between Sydney and Melbourne and providing easy access from Canberra, Merimbula’s location has made it popular with holidaymakers from all three cities. The two-storey property could be configured in a several ways with up to 23 rooms or a segregated on-site manager home. It has been well-maintained over the years and includes a barbecue area, spacious common room and large kitchen.

8 Marine Parade, Merimbula, is for sale for $1.35 million through Luton Properties Manuka agents Greg Hedger and Samantha Granter. Phone 0427 214 337 or 0402 507 902.