Waterfront Lifestyle Business with Exceptional Returns – 1.9x Multiplier

Looking for a business – and a chance to live and work in one of the Sapphire Coast’s most iconic locations?

Located directly opposite the pristine Merimbula Lake, this well-established 11-unit complex offers modern, spacious apartments with breathtaking lake views. With nine units in the letting pool, a renovated three-bedroom manager’s residence, and new 10-year management agreements commencing in 2024, this property is designed for long-term stability while generating a healthy $160,000 annual income, underpinned by a body corporate salary. And let’s face it – you simply can't live in this area for the price of a three-bedroom, fully renovated manager’s residence.

Situated directly across from Merimbula Lake, every unit boasts stunning lake views and convenient access to local cafes, restaurants, and attractions.

Merimbula Lake Apartments seamlessly combines location, profitability, and lifestyle, making it a desirable management rights business opportunity.