MERIMBULA NSW 2548
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- 14 Mar 2017
849ML - South Coast Calling
- Attractive 20 room motel
- Set high above the Merimbula landscape
- Comfortable 3 bedroom residence
- No restaurant
- Ideal first lease with identifiable growth
This well-built 1980's motel has 28 years left in the lease is an easy walk to the main retail area of Merimbula and yet promotes a quite accommodation option in this busy coastal tourist town on the South Coast.
At under $300,000 this lease provides an excellent opportunity to buy a growing coastal business in a sort-after location.
Net profit $90,426 for 2015/16
Contact Mike Herringe or Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 849ML (quote when enquiring)
Location: Located 471 km south of Sydney, Merimbula (population 4,259) is a small charming seaside town rising on the tree-clad hills around Lake Merimbula which is actually the wide mouth of the Merimbula River. Merimbula is the holiday 'resort' of the Sapphire Coast. Situated between Tathra and Pambula on the coast, Merimbula welcomes many thousands of tourists throughout the year.
The principal activities for visitors, not surprisingly, are fishing, swimming, surfing, boating, lake cruises, scuba diving, sailboarding, canoeing. The main beach, six kilometres in length, is ideal for surfing and sailboarding.
The visitor to Merimbula is not confined only to beach and water activities. Only a short drive from the town will take you to the beautiful Bournda National Park, while interesting excursions to the hinterland can be made for bush and nature walks through ancient forests in the foothills of the South Coast Range.
Property Code: 1971
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information