Terralong Terrace, Kiama NSW 2533

Situated in the heart of Kiama, the Terralong Terrace Apartments present a unique management rights opportunity that combines coastal living with a robust business model. Comprising 17 apartments, with 16 actively engaged in the letting pool, this property is notable for its ease of management and attractive financial returns, boasting a net profit of $175,893 alongside a dependable body corporate salary of $54,387.

The turnkey nature of the business is underscored by its operational flexibility: there are no fixed office hours and caretaking duties are streamlined to approximately twenty hours weekly, supported by a convenient key lock box system. Such features make it ideal for a sole operator or a couple seeking a low-stress lifestyle.

The manager’s spacious onsite unit adds further versatility—offering the choice to reside within walking distance to Kiama’s pristine beaches, cafes, and boutique shops, or alternatively to return the unit to income-generating tenancy. This flexibility extends the appeal to those who value both lifestyle and investment potential.

This established management rights business benefits from seven years remaining on the current agreements, underpinned by a strong history of successful top-ups. It operates within a tightly held coastal market, making it a rare find in one of the South Coast's most desirable destinations. The short-stay focus of the letting pool ensures consistent turnover and maximises revenue, capitalising on this popular tourist location.

• Strong net profit provides a secure and reliable income stream.
• Prime central location ensures high visibility and easy access to amenities.
• Operational flexibility with no requirement to live onsite.
• Streamlined systems support a straightforward, relaxed management approach.
• Long-term agreements with proven track record of renewals and supplementary income.

This opportunity is well suited to investors and operators who seek a blend of profitable business and the lifestyle benefits of coastal living without the intensity of permanent onsite management. It offers a compelling package for those looking to engage in a well-established, easy-to-run enterprise within a thriving tourist region.