76 Cyrus Street, Hyams Beach, NSW 2540

Hyams Beach is one of "the" locations on the South Coast of NSW - underpinned by strong property prices and holiday rental income, a steady stream of day visitors who come to see "the whitest sand in the world", and direct access to the pristine and safe swimming waters of Jervis Bay.

The cafe business and this building have a monopoly on trade in the village - being the only property in Hyams Beach with permissable commercial use rights.

The building houses the Cooked Goose Cafe, the Holidays Collection office, a fully renovated 2 bedroom holiday apartment, and generous storage and cool room areas. Parking comprises 5 spaces in front of the cafe, one covered garage space under the cafe, and shared use of a visitor space - with the two townhouses behind (each of which has separate title).

Rental income from the cafe is $141,000 per annum and for the office, $22,000 per annum - a total of $163,000 incl of GST. In addition, as a permanent rental, the apartment could rent for up to $500 per week, or $26,000 per annum. This would give a total gross annual income of say $189,000 incl GST or $174,000 excl GST. The current owners holiday rent the apartment, and figures can be shared with buyers.

The cafe lease is a 5 + 5 + 5 structure that commenced in October 2020. The Holidays Collection office lease is month by month and has been in place since May 2013. Full details of outgoings can also be provided to interested parties.

Annual rates are $3,913.03. The land size is 601m2 and has a residential zoning and the land tax value of the land is $1.34m.

The cafe, office and apartment are all on one title and the apartment will be sold on an "as is" basis, inclusive of furniture, appliances and other equipment (as per an Inclusions List).

For the first time in over 30 years, this property is being offered for sale - a unique opportunty to buy the most recognisable address in Hyams Beach!

The building is part of a community scheme with the two townhouses behind the cafe. This property has a majority of 250 out of 430 unit entitlements, and each townhouse has 90 entitlements. The current owner of the cafe building is the office holder of all positions in the community group. No third party strata agent is engaged. There is no formal committee, no minutes, no sinking fund, no administration fund. The only function is to pay the insurance on the Common property, which will fall due in January of each year. The owner of the cafe building usually pays it and the others reimburse him for their share.

Inspection is by appointment only. Please contact Craig McIntosh on 0455 544 228.