Internal Ref: 1P2853
Summary
Rare opportunity to acquire a high-quality freehold accommodation asset in Merimbula's tightly held Fishpen precinct. Comprising nine fully self-contained strata-titled apartments offered in one li...
Location Details
Chapman Avenue
About the Business
Rare opportunity to acquire a high-quality freehold accommodation asset in Merimbula's tightly held Fishpen precinct. Comprising nine fully self-contained strata-titled apartments offered in one line, Seashells Apartments provides exceptional flexibility with the ability to operate as holiday accommodation, permanent rental or future apartment sell-down strategy.
Positioned between Merimbula Lake and Main Beach, the property is only a short level stroll to beaches, cafés, walking paths and the town centre. Beautifully maintained by the current owners with extensive upgrades completed and no immediate capital expenditure required.
The property is currently operated as a successful lifestyle accommodation business with strong occupancy growth and repeat visitation.
- 9 strata-titled apartments on one freehold title
- Prime Fishpen location between lake and ocean
- Flexible acquisition options – property only or business by negotiation
- FY25 occupancy 81.5%
- 1,327m² site zoned R3 Medium Density Residential
- Solar heated pool/spa
- Landscaped gardens and BBQ area
- Off-street parking
- Strong online reputation and repeat clientele
- Ability to operate as holiday accommodation, permanent rental or hybrid model
- Potential future apartment sell-down strategy
- No Real Estate Licence required to operate
MQ ID: 1P2853
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