24-26 Merimbula DriveMerimbula NSW 2548
Property Details for 24-26 Merimbula Dr, Merimbula
Last Listing description (February 2026)
Positioned in the heart of Merimbula's CBD, the SummerHill Motor Inn offers a rare opportunity to acquire a high-performing, established motel with significant growth potential. Currently ranked #1 in Merimbula on TripAdvisor, the property enjoys consistent repeat business from both corporate and leisure travellers benefiting from a strong direct booking channel.
Set on a generous 2,023m parcel with R3 Medium Density Residential zoning, the property comprises 20 well-appointed motel studios, a large two-story owner's residence, and a comprehensive range of facilities including an in-ground saltwater pool, 30KW solar system, EV charging bays, and high-speed fibre internet.
Separating itself from traditional options The SummerHill Motor Inn has an existing Development Approval for strata subdivision into 18 studio apartments plus one three-bedroom unit. This rarity provides operators with the potential to unlock significant value through individual strata titled sale or repositioning to a permanent rental market. More information available on request.
Recent renovations and strategic upgrades have substantially reduced operating costs and positioned the business for continued uplift. The net profit for FY25 is $432,000, and it is expected that the first half of FY2026 results will show at least 15% YoY growth over FY2025. This uplift is based on Q1 performance and a strong booking pipeline (+31% YoY for July and August result) upside driven largely from the release to new guest segments and recent property renovations.
The property is highly efficient with low operating costs versus comparable dated motels. This is largely due to renovations and energy efficient upgrades such as the 30KW solar system with smart power controls, 2 EV charging stations, heat-pump hot water & dryers. These deliver significant savings of approximately 45% for electricity and 85% for gas.
Key Investment Highlights:
20 motel studios (17 renovated) plus large dual-level residence
DA-approved strata subdivision (potential resale revenue $6.4M+)
30KW solar, saltwater pool, 2 x EV charging stations
22 off-street parking bays
High speed fibre internet
Walking distance to Merimbula's shops, clubs, cafes & lake
3.2km to upgraded airport with direct Sydney & Melbourne flights
This is a compelling opportunity for passive investors, lifestyle operators or developers seeking immediate income with future capitalisation potential in one of the South Coast's most sought-after regional hubs.
Property History for 24-26 Merimbula Dr, Merimbula, NSW 2548
- 22 Jan 2026Sold for $3,500,000
- 04 Sep 2025Listed for Sale $5,000,000 - $5,200,000
- 30 Mar 2023Listed for Sale Expression of Interest
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0About Merimbula 2548
The size of Merimbula is approximately 18.3 square kilometres. There are 14 parks, covering nearly 8.6% of the 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 3,611 properties. Over the last 5 years, Houses in Merimbula have seen a 30.60% increase in median value, while Units have seen a 42.22% increase. As at 31 May 2026:
- The median value for Houses in Merimbula is $938,093 while the median value for Units is $537,201.
- Houses have a median rent of $720 while Units have a median rent of $495.
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