5 Mairburn RoadMetung VIC 3904
Property Details for 5 Mairburn Rd, Metung
Last Listing description (February 2017)
Heart of the Gippsland Lakes
Metung is the 'jewel' of the picturesque Gippsland Lakes with its seaside village atmosphere and boating prominence makes it a truly unique offer in the accommodation industry.
The Metung Holiday Villas are being offered for sale with both freehold and management rights. Presented in an immaculate condition this business currently offers an approximate EBITDA of $300k PA together with extremely attractive tax depreciation benefits.
- Freehold ownership to 38 villas (individual strata titles)
- Freehold title to the two storey four bedroom residence and office
- Management Rights to the total of the 45 villas
- Income earning Owners Corp agreement for the common area
- Additional 2 bed cottage fully let
- Swimming Pool and recreation areas
Exceptional opportunity for an owner/operation or partnership looking for that seaside lifestyle with excellent profit performance.
Inspection by Appointment
Michael Walstab
Accommodation and Business Broker
Property History for 5 Mairburn Rd, Metung, VIC 3904
- 15 Dec 2023Sold for $650,000
- 02 Sep 2014Listed for Sale $2,575,000
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0About Metung 3904
The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2016 was 1449 people. By 2021 the population was 1899 showing a population growth of 31.1% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a managers occupation.In 2021, 81.80% of the homes in Metung were owner-occupied compared with 79.40% in 2016.
Metung has 2,171 properties. Over the last 5 years, Houses in Metung have seen a 42.77% increase in median value, while Units have seen a 50.56% increase. As at 31 December 2025:
- The median value for Houses in Metung is $664,209 while the median value for Units is $416,938.
- Houses have a median rent of $540 while Units have a median rent of $290.
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