Kings Beach Favourite

Looking for a favourite Kings Beach Holiday Apartment complex?

For many years guests have found Kings Bay Apartments to be that location.

• No apartment to be purchased
• Manager can live off site.
• No fixed office hours.
• 3 level walk-up, ground level is undercover parking
• 22 Apartments in the complex.
• 7 Units in the holiday Pool
• Occupation Authority over Office plus 4 stairwell storage areas and a tool shed.

Contracts current until November 2039

• Management and Letting Agreements 25 years: expires 9 November 2024.
• Further 5 year options are available Nov 2024 to 2029, Nov 2029 – 2034, Nov 2034 – 2039
• Body Corporate Salary: $49,352.00 PA excluding GST
• Net Profit to 30 June 2023 is $126,899.17 (Excluded in NP were Wages for Unit Cleaning of $22,376.92)

For More detailed information please contact the listing agent.