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Kiamaâs Hidden Gem: Rare MLR with $175K Net Profit | Resort Brokers ID : MR008867
$1,370,000
Permanent Management Rights, Kiama NSW
ResortBrokers is excited to present Terralong Terrace Apartments a rare coastal management rights opportunity in the heart of Kiama.
With 17 apartments (16 in the letting pool), this business delivers a strong net profit of $175,893 and a secure body corporate salary, all wrapped up in an easy-to-run package. Think no set office hours, just twenty hours of caretaking a week, and a simple key lock box system keeping things stress-free.
The spacious managers unit adds another layer of flexibility live onsite and soak up the coastal lifestyle, or add it back into the pool for extra income. Just steps from Kiamas beaches, boutique cafs, and famous attractions, this is a tightly held, high-performing business in one of the South Coasts most desirable destinations.
- Generates a strong net profit of $175,893, providing secure and reliable returns
- Secure body corporate salary of $54,387 underpins a stable income stream
- Prime central Kiama location steps from beaches, cafes, and boutique shops
- No requirement to live onsite, providing operational flexibility and additional income not shown in the P&L
- No set office hours and streamlined key lock box system - ideal for a sole operator or couple seeking a relaxed opportunity
- Seven years remaining on agreements, supported by a history of successful top-ups
- Well-established business in a renowned tourist destination, delivering consistent income in a tightly held coastal market - a rare opportunity
- Short-stay only apartments with all units included in the letting pool
- Inspections are by appointment only
Date updated: 01 Sep 2025 23:00:02
More Information
- Total Purchase Price: $1,370,000
- Net Income: $ 175,893
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours