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      Accommodation & Tourism business for sale in NSW

      • Accommodation & Tourism
      • NSW
      • Management Righrs $870,000

      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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      Business Highlights

      Business ID

      2013992290

      Last updated

      05 Mar 2018

      Category

      Accommodation & Tourism, Hotel, Management Rights, Motel

      Map for NSW

      Level 1, 105 Liverpool Road Enfield NSW 2136

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