Property Details

Price Management Righrs $870,000
Property ID 3967438

Management Rights for Stunning Serviced Apartments - Kiama

Description: Management Rights for 16 units in stunning Kiama only 1.5 hours from Sydney. One of the South Coast's most popular destinations. Beautifully presented, central main street location, excellent mix of room sizes. Plenty of room for growth.

Rating: 4 star

Construction: 16 units. Three storey brick construction with colorbond roof and brick wall partitions. Variation of unit sizes. Modern and beautifully presented.

Residence: 1 bedroom with built-in wardrobe. Open plan kitchen / lounge/dining, shower/toilet, double carport. Spacious, ideal for couple, modern appointments, above reception.

Age: Built 1998

Clientele: Corporate trade, short break stays, weekend guests, passing trade, relocating guests.

Tariffs: 1 x Bed $170 - $265; 2 x Bed $285 - $365; 3 x Bed $350 - $435; Extra Person $30

Chain Affiliation: No

Lease: Expires 31st January, 2026

Laundry: Linen room only - all linen hired.

Services: Reverse cycle split system air-conditioning, cooking facilities, 2 x in-ground salt pools, electric barbecue

Body Corporate Wage: $46,924
Caretaking: $96,341 (12% Commission of Letting Pool)
Total Net Revenue: $143,265

Occupancy: 54%

Comment: Mix of 1, 2 and 3 Bedroom fully self-contained. Modern 'as new' appearance. Full soft refurbishment in 2014. Main street location, quiet, nothing to do.

MQ Property ID:
3967438


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