78 MERIMBULA DRIVE, Merimbula NSW 2548

A great opportunity to purchase a freehold complex in Merimbula, with water views. Currently hosting 5 units with swimming pool and well maintained grounds.
The property has 2 separate titles and is comprised of (2 x 2 bedroom plus 3 x 1 bedroom furnished units and communal laundry). Ideal for investment, renovation or re-development!
4 of the 5 units are permanently rented (1 left vacant for current owner personal use).
Estimated gross annual income of $54,000 (approx).
Zoned R3 medium density residential.