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101-105 Merimbula Drive, Merimbula NSW 2548

Properties / Buy / New South Wales / Merimbula

Development Potential

1. Property Summary

Property Type

Residential, Commercial

Sub Type

Land Site, Hotel Sites, Other

Land Area

8,119 m² (*approx)

Zoning

Medium Density Residential

Local Government

Bega Valley

Selling Method

For Sale: Contact Agent

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2. Property Highlights

Prime Merimbula Motel/Development Site with Breathtaking Vistas (STCA)

8119sqm site with sweeping water views
Holding income friendly
1.4km from Merimbula Shopping Precinct

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.

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