Tourism Property are proud to be working alongside Russell Rogers from Resort Brokers to handle the sale of this top quality serviced apartment business in Kiama, NSW.
** UPDATE ** This one is sold too. Call us if you’re interested in NSW South Coast management rights.
Features
- Management of all 16 purpose built serviced apartments
- Large 1 bedroom managers apartment plus office and large garage
- Solar heated swimming pools with great BBQ area
- Less than 1 minute walk to major shopping centre
- Minutes to great golf, beaches, rivers, Jamberoo Action Park and so much more
- Live the Kiama life with a great business for the price of a house
Opportunities for profitable businesses in stunning locations are extremely rare.
Terralong Terrace has very limited competition – take a moment to read about their excellent reputation.
Click through to read what guests are saying on TripAdvisor – 97% rating Excellent or Very Good.
Management Rights
So what are Management Rights? It’s pretty straight forward really.
As the business owner you have the exclusive right to manage the apartments for each of the owners and you’ll earn fees for this and also be paid a Caretaking fee to look after the pool and gardens. Probably the best news is that you actually own the “managers real estate” (and banks will treat this part of the deal as normal residential lending). In this case, you’ll own the 1 bedroom managers apartment, plus the office.
This structure gives small business owners the opportunity to get into the hospitality industry, be well rewarded for your efforts and have somewhere great to live at the same time.
We’re happy to answer all your questions of course. Don’t hesitate to ask if you think this will suit you.
Property Details
Terralong Terrace is the premier serviced apartment complex in Kiama and a long established business.
The current owner works part time in the business and employs a part time Assistant Manager. It’s a very easy to run business and you’ll have plenty of time to enjoy the Kiama lifestyle.
Many motels in Kiama have or will soon be closed down for residential re-development. Terralong Terrace is ideally placed to take advantage of a growing demand and less and less competition. The business benefits from not only a great reputation, but very easy access to the burgeoning markets of Sydney and the Illawarra – nearly 6 million people live less than 2 hours away !
Kiama is not only a tourist hot spot, it’s a superb place to live. The beaches speak for themselves, but the town is also serviced by electric trains to Sydney and has convenient freeway access to the South Coast and north through to Wollongong and on to Sydney.
The vendor has set a realistic price for the business and is committed to sell. You are invited to inspect without delay.
A detailed information memorandum has been prepared and will be provided to qualified purchasers.
Now is the time – call to discuss and arrange your inspection.
More Information
Please call or e’mail to receive a copy of the detailed Information Memorandum.
To register with Tourism Property as a buyer, click here.
Confidentiality Agreement
You can download our confidentiality agreement here. Please sign and return in order to receive detailed information.
Agent
Matt Davidson
Director
Mobile: 0400 200 139
