16-18 Ocean View Avenue

Merimbula, NSW, 2548


Albacore Apartments - Management Rights + 2x apartments

Merimbula has recently become a popular domestic holiday destination, supported with Qantas commencing direct flight routes from Sydney and Melbourne in 2022. Albacore Apartments is the premier apartment complex, located at the edge of town within walking distance to the CBD, retail and restaurants and directly across from Merimbula Lake. Balconies of all 1 bedroom and 2 bedroom apartments face East to capture the idyllic sunrise over the lake.

The complex of 21 Apartments, plus the Managers Residence, sets itself apart from it’s peers as it has a lift to service all five levels, low maintenance grounds with a solar heated pool and a secure underground carpark.

The opportunity to buy a Management Rights business with all apartments in the letting pool is rare. The business includes the purchase of a large, 2 bedroom + 2 bathroom Manager’s apartment with courtyard overlooking Merimbula Lake, & a 1 bedroom Studio apartment in the letting pool. There are 2 car spaces attached to the units. Net profit is $350,847 per annum.

Make the decision for that sea change you’ve always dreamed about, and buy yourself a flexible lifestyle and a strong business income to set yourself up for future retirement.

Inspections by appointment only.

Buy Your Dream Lifestyle - Rare Business Opportunity For Sale

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Price: $2,200,000
Property Type: Hotel/Leisure
Land Area: 1598m2

Notable Features:

    Open Times

    Contact Agent to arrange inspection

    Contact Agent

    Chelsea Campbell

    Onsite Manager | Director