Updated Price Range - Never to be built out
72 Manning Street, Kiama

$625,000· (For Sale)
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama
  • 72 Manning Street, Kiama

The building is positioned on Crown Land and boasts two levels of amazing ocean views. Never to be built out location. Flooded by tourism at this popular location. 100 meters from the beach sands. Unbeatable location. Rare opportunity to purchase the leasehold for this outstanding property.

Premises:
The building sits on a map of roughly 140- 150 square meters. The building is 2 storeys. Never to be built out location. Flooded by tourism at this popular location.

Kiama:
Based on the figures below it is clear to see why Kiama is such a hot investment location at this point in time. Residential growth is a precursor to great commercial growth which makes this property an OUTSTANDING opportunity.

The median sales price for houses in Kiama, NSW in the last year was $850,000 based on 119 home sales. Compared to the same period five years ago, the median house sales price for houses increased 51.8% which equates to a compound annual growth rate of 8.7%.

Term of Lease to State Government:
The building is built on Crown Land. The current lease expires 28 June 2030 and the annual rent $32,250. The lease is renewable at the end of every 20 year period.

Location

Christina Comelli

Principal, Licensed business and real estate broker, Bachelor of Commerce (Marketing), University of Wollongong

0402 811 002

Christina is part of the third generation of Comelli business brokers – her knowledge of the Illawarra region is second to none. During her 25 year career selling, leasing and managing commercial properties, Christina has developed a reputation for building strong relationships and going the extra mile. She promises the highest level of personal service, timely and accurate follow through, and absolute diligence in relation to all of your business matters. Christina is a veritable force –...

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