About the Business

Description: 90 minutes from Sydney in one of the Central Coast's most sought-after areas. Two minutes to famous beach, coffee shops and restaurants. Very strong year round trade. Small boutique property with high turnover and tariffs.

Star Standard: 4 star

Construction: 8 Apartments. Two storey brick construction with tile roof and brick wall partitions. Large spacious rooms with outdoor areas. Quality furnishings throughout.

Residence: 1bedroom with built-in and small private yard. Current owner uses one unit as residence.

Age: Built 2001 approx.

Clientele: Short break stays, tourists, trade workers, reps.

Land Area: 695.5 sqm approx.

Tariffs: $249 to $449

Chain Affiliation: No

Restaurant: No

Services: All apartments have reverse cycle air-conditioning, smart TV, tea and coffee making facilities and microwave oven. Five apartments have full kitchen and laundry facilities and Unit 7 has a two-person spa. On-site parking is available. The property is fire rated.

Turnover: 2022/23 (9 months) $345,369 - 2022/23 (full year) $440,000

Occupancy: 90% since re-opening

Agent's Comment: Fully renovated property. Spacious layouts, stylish interiors and quality fittings throughout. Fully landscaped gardens. Perfect blend of seaside living and urban convenience. Make a sea change and capitalise on this unique investment.

MQ Property ID:
1P2649


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