5-7 Chapman Avenue, Merimbula, NSW 2548 | BlockOfUnits for sale | OnTheHouse
FOR SALE
$4,395,000

5-7 Chapman Avenue
Merimbula NSW 2548

Bedrooms: 15
Bathrooms: 9
Car spaces: 9
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The Ultimate Work/Life/Beach Balance in Merimbula’s Fishpen

• A freehold property and business opportunity like no other
• Nine-apartment complex in a pristine, sought-after location
• Idyllic lifestyle, established business and capital investment all-in-one
As the owner of Seashells Apartments in Merimbula's iconic Fishpen, you could be delighting in the ultimate work/life balance and embracing a laidback holiday lifestyle year-round.
This unique listing is a rare opportunity to purchase a freehold apartment complex with an established holiday accommodation business in a sought-after location. Seashells comprises nine apartments all finished inside and out in a streamlined, contemporary coastal aesthetic to a pristine, high-quality standard. There are three one-bedroom apartments (that sleep two guests), three two-bedroom apartments (that sleep four guests) and three larger two-bedroom apartments (that sleep five guests). Each apartment is fully self-contained with high-quality furniture and appliances, full kitchens, washing machines, parking spaces and sunny decks. Outside, there's a heated swimming pool, a leafy communal outdoor dining/barbecue area and neat and tidy low maintenance gardens.
Perhaps you're semi-retired and looking for a business/lifestyle opportunity to keep you 'just busy enough'? Or, you're a young family who's looking to escape the city and enjoy the slower, small coastal town pace. Or you're a local who is aware of Seashells' reputation and can foresee the investment a business and capital purchase of this kind - and in this location - could bring.
The possibilities for the future operation of the complex are bound only by the new owner's imagination and lifestyle choices. You could continue running the business as is and utilise its established reputation and nine-holiday-apartment configuration to earn an income off the business while the property accrues capital growth. The current owners have built and maintained a reputation for beautiful, high standard accommodation in an idyllic location coupled with personalised, friendly service - for example, they provide pushbikes, surfboards, beach wagons/carts and the like, to guests free of charge during their stay. You would have an immediate guaranteed income with accommodation bookings already confirmed until well into 2026, with many regular return clients who book direct. Another advantage of the independent, freehold model of Seashells, is the owner's complete autonomy over the apartments' booking system. You can block out or restrict days or weeks as you wish and adjust rates and lengths of stay to suit demand and your lifestyle. You are not beholden to any rules or stipulations from external management, body corporate or strata and no real estate licence is needed to manage the apartments. There's also the option to put permanent or longer-stay tenants in some of the apartments, or you might choose to live in one of the apartments yourself if you'd prefer to be on site. Additionally, each apartment has its own strata title, meaning you could also sell some or all of them off individually if you wished.
Seashells' idyllic Fishpen location is in the heart of Merimbula's sought-after tourist precinct. It's a flat, less-than-five-minute walk to the lake, Main Beach and Mitchie's Jetty, and is 'just across the bridge' to the centre of town. Although it's conveniently serviced by the local airport – just two kilometres away – with daily REX and Qantas flights to-and-from Sydney and Melbourne, Merimbula has managed to hold onto the nostalgic atmosphere of a small, coastal town and has always been a highly desirable place to holiday and live.
Seashells Apartments offers a lifestyle, an income and a capital investment all in one neat and tidy, beachside package. With the freedom and flexibility to structure your days as you wish, the property's dream location will have you jumping out of bed every morning to make the most of the pristine natural surrounds. Enjoy the flexibility and autonomy of being your own boss while enjoying an easy, balanced lifestyle on the beautiful NSW Sapphire Coast.

Property Details for 5-7 Chapman Ave, Merimbula

5-7 Chapman Ave, Merimbula is a 15 bedroom, 9 bathroom BlockOfUnits with 9 parking spaces. The place is currently for sale with Kim Poso Properties.

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About Merimbula 2548

The size of Merimbula is approximately 18.3 square kilometres. It has 14 parks covering nearly 8.6% of total area. The population of Merimbula in 2016 was 3544 people. By 2021 the population was 3821 showing a population growth of 7.8% in the area during that time. The predominant age group in Merimbula is 60-69 years. Households in Merimbula are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation.In 2021, 63.00% of the homes in Merimbula were owner-occupied compared with 58.30% in 2016.

Merimbula has 3,601 properties. Over the last 5 years, Houses in Merimbula have seen a 46.23% increase in median value, while Units have seen a 68.79% increase. As at 30 November 2025:

  • The median value for Houses in Merimbula is $897,650 while the median value for Units is $550,747.
  • Houses have a median rent of $700 while Units have a median rent of $480.
There are currently 53 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to Cotality's data, 172 properties were sold in the past 12 months in Merimbula.

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Kim Poso
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Elisha Callaway
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.