Kiama, New South Wales

Kiama’s Hidden Gem: Rare MLR with $175K Net Profit | Resort Brokers ID : MR008867

$1,370,000

Business Description

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 manager’s 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 Kiama’s beaches, boutique cafés, and famous attractions, this is a tightly held, high-performing business in one of the South Coast’s 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: 21 Sep 2025 23:00:07