31-33 Beach Street, Merimbula represents a rare opportunity to secure a high-profile development site in one of the Sapphire Coast's most sought-after locations.
Occupying a level 1,657m² allotment with dual street frontage, the property enjoys a commanding position directly opposite Merimbula's Lake and an abundance of council parking on the northern side. The site offers uninterrupted water views from all levels, creating an ideal setting for premium residential apartments, boutique accommodation, or a landmark mixed-use commercial development (STCA).
Zoned E2 Commercial Centre, the site benefits from flexible planning controls with a 10m height limit to deliver projects such as those being completed at 21 Beach Street & 25 Beach Street presently. Currently leased at $95,000 per annum with a highly reputable tenancy the property delivers strong holding income which other vacant sites cannot.
Given the shortage of quality residential and mixed-use stock in Merimbula, projects in this location have the potential to achieve premium sales rates and strong yields. Continuing growth for the area is driven by demand from downsizers, lifestyle buyers, as well as the growing tourism and retirement markets.
Key Highlights for the site:
• 1,657m²* level CBD allotment with dual street access • Premier position directly opposite Merimbula Lake • Expansive water views available from all levels • Zoned E2 Commercial Centre - flexible mixed-use potential (STCA) • 10m building height limit with potential for uplift • Ample car parking nearby for commercial premises access • Existing income stream of $95,000 p.a. • High demand for quality apartments and lifestyle accommodation in the region • Only 2.9km to Merimbula Airport and close to regional facilities in Bega
With its unrivalled location, strong holding income, and exceptional end-value potential, 31-33 Beach Street is a rare chance for developers to deliver a landmark project in one of the Far South Coast's most tightly held positions.
Contact Lance with questions or to receive your information memorandum today.
