Waterfront Management Rights – Albacore Apartments, Merimbula
Rare opportunity to acquire management rights to Albacore Apartments, a 4.5-star waterfront complex in the heart of Merimbula. The business includes 21 self-contained apartments in the letting pool, a strong net profit of approx. $330k p.a., and a secure management agreement to October 2030 (with renewal options).
The package features a spacious two-bedroom manager's residence plus a separate studio apartment (combined value ~$1.3M), low-maintenance operations, and casual staff in place. Commission is 15%.
Located directly opposite Merimbula Lake and only minutes from beaches, shops, and cafes, Albacore Apartments offers consistent income, prime waterfront exposure, and a sought-after lifestyle and business opportunity on the Sapphire Coast.
MQ Property ID 1P3010
The package features a spacious two-bedroom manager's residence plus a separate studio apartment (combined value ~$1.3M), low-maintenance operations, and casual staff in place. Commission is 15%.
Located directly opposite Merimbula Lake and only minutes from beaches, shops, and cafes, Albacore Apartments offers consistent income, prime waterfront exposure, and a sought-after lifestyle and business opportunity on the Sapphire Coast.
MQ Property ID 1P3010
overview
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1P3010
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$1,899,999
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Accommodation/Tourism
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For Sale