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 [Web Link Censored]., and a secure management agreement to October 2030 (with renewal options).
The package features a spacious two-bedroom manager's residence plus separate one-bedroom studio (combined value ~$1.3M), low-maintenance operations, and casual staff in place. Commission is 15%, rising to 18% from August.
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
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