OFF MARKET

158 Larmer Avenue
Sanctuary Point NSW 2540

Bedrooms: 8
Bathrooms: 8
Car spaces: 9
Land area: 740m2
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Property Details for 158 Larmer Ave, Sanctuary Point

158 Larmer Ave, Sanctuary Point is a 8 bedroom, 8 bathroom Unit with 9 parking spaces. The property has a land size of 740m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Land Size
740m2
Local Government
Shoalhaven
Lot/Plan
2867/DP238913

Last Listing description (October 2022)

Welcome to Tiny House Stayz
This is a Freehold Business opportunity, conveniently located in beautiful Sanctuary Point, the heart of the St Georges Basin and within 8 minutes drive to the white sandy beaches of Jervis Bay.

Offering 8 holiday units with great income opportunity. These luxuriously appointed "studio style" units are newly built and are already reaping the benefits of holiday returns.

Located only footsteps from the golf course and waters-edge. A very sought after area for Holiday Accommodation. Join the Shoalhaven Tourism Industry that represents $853 million pa with 5.41million visitor nights per year and growing! Demand for accommodation has grown 30% in off-season making up 70% of accommodation demand over last few years making tourism an all year round supported economy. (Tourism Research Australia)
Projected turnover at 70% occupancy potential earnings of $306,600 or more. (occupancy dependant/tariff dependant)

Tiny House Stayz was constructed in 2021 and designed with the region forefront of mind. Each studio are detached and styled Coastal Modern design with luxury appointments with their own private deck.

On location are 9 off street parking spaces on a site that is completely landscaped with minimum maintenance required.

This is a business opportunity with as much or as little input from the owner as desired. Let 'Book Jervis Bay' continue to manage the bookings while the cleaners are organised with a light hands-on approach or take on the role in full making the most of the income potential.

This would suit a partnership, sole owner or a multi business owner, WIWO

Business Details
Clientele: Singles or couples
Construction: 8 holiday units brand new 2021
Land Area: 717sqm
Tariffs: Vary seasonally from $120pn to $240pn
Linen, furniture, appliances fixtures & fittings: included in sale
Chain Affiliation: no

Owners have committed interstate with change of family plans and are now looking to sell.
Although relatively newly commenced in Dec21, Tiny House Stayz has achieved solid bookings, positive reviews on Airbnb with customer satisfaction 4.3/5 star rating.

Great opportunity for a solid ROE, call agent for more details.

Property History for 158 Larmer Ave, Sanctuary Point, NSW 2540

A timeline of how this property has performed in the market
Last Sold
$1,350,000
23 Sep 2022
  • 23 Sep 2022
    Sold for $1,350,000
  • 05 Feb 2022
    Listed for Sale $1,500,000
  • 03 Sep 2021
    Sold
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About Sanctuary Point 2540

The size of Sanctuary Point is approximately 5.9 square kilometres. It has 20 parks covering nearly 18.3% of total area. The population of Sanctuary Point in 2011 was 6,611 people. By 2016 the population was 7,224 showing a population growth of 9.3% in the area during that time. The predominant age group in Sanctuary Point is 60-69 years. Households in Sanctuary Point are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sanctuary Point work in a trades occupation. In 2011, 69.7% of the homes in Sanctuary Point were owner-occupied compared with 69.4% in 2016.

Sanctuary Point has 4,939 properties. Over the last 5 years, Houses in Sanctuary Point have seen a 64.97% increase in median value, while Units have seen a 32.81% increase. As at 31 October 2024:

  • The median value for Houses in Sanctuary Point is $661,651 while the median value for Units is $526,604.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 77 properties listed for sale, and 16 properties listed for rent in Sanctuary point on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Sanctuary point.

Suburb Insights for Sanctuary Point 2540

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.