OFF MARKET

1/82 Albert Street
Kings Beach QLD 4551

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 108m2
Land area: 108m2
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Property Details for 1/82 Albert St, Kings Beach

1/82 Albert St, Kings Beach is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 108m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
1992
Floor Size
108m2
Land Size
108m2
Local Government
Sunshine Coast Regional
Lot/Plan
1/BUP106943

Last Listing description (February 2023)

This is an ideal opportunity to purchase not only a ground floor three-bedroom apartment in the spectacular beachside location of Kings Beach but the bonus the Management Rights and Caretaking Rights being all inclusive.

Attractive figures for the the last 2 years are as follows -

2020 Net Profit $89,027

2021 Net Profit $93,000

There are certain requirements to purchasing this apartment package so please feel free to contact the agent as you will be quite impressed with the details. The business side of things is currently run quite easily by one person.

THE APARTMENT:

The home has been tastefully renovated in places, has new flooring in the living areas and boasts a new kitchen with stone bench tops, feature tiles and plenty of storage cupboards.

There are two entries that include internal via the lift or stairs plus a second entrance at ground level on Albert Street directly into the courtyard garden.

The kitchen and living room are of an open plan design, air-conditioned and lead out to your own private courtyard garden surrounded by established trees that enhance your privacy. This space has ocean breezes, plenty of light and the perfect spot to relax and unwind. In addition there is another exclusive use area at the side of the building that is fully fenced and subject to the Body Corporate approval this area would be ideal for a small pet.

This family sized apartment features three good sized bedrooms that all have built-in robes and the master of course with an ensuite.

One designated car space in the secure underground carpark is included.

THE MANAGEMENT RIGHTS:

Caretaking rights and duties that include complex cleaning (further information will be provided at inspection or enquiry)

5 units in the letting pool

Agreement time remaining Until 2034

Exclusive use office and all office equipment

Exclusive use linen room

Attractive income (information on enquiry)

Lifestyle business suitable for working couple or family operation

Plenty of time to enjoy surfing, swimming and fishing

Excellent reviews

THE BUILDING & FACILITIES:

The complex rated 4 star includes a total of 20 apartments

Surrounded by established tropical gardens

Heated in-ground swimming pool

Designated poolside barbeque area with toilet amentities

Security keyed lift accessing all floors including the car park

CCTV in the basement carpark

THE LOCAL AREA:

A two-minute stroll to the patrolled surf at Kings Beach, water playground and the stunning 25-metre sea-water lap pool with children's swimming pool and wading area with disabled access

Adjacent to parklands where you will find a playground and barbeque area and plenty of room for families to enjoy picnics

Short walk to the Kings Beach Tavern or the Kings Beach Surf Club

Plenty of choice of cafes and restaurants that are within walking distance

Adjacent to the park and amphitheatre where the annual Caloundra Music Festival is held over 3 days in Spring

Property Code: 5186

Property History for 1/82 Albert St, Kings Beach, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$850,000
22 Dec 2022
  • 22 Dec 2022
    Sold for $850,000
  • 24 Mar 2022
    Listed for Sale $995,000
  • 06 Nov 2007
    Listed for Sale Not Disclosed
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About Kings Beach 4551

The size of Kings Beach is approximately 0.6 square kilometres. It has 3 parks covering nearly 12.2% of total area. The population of Kings Beach in 2011 was 2,528 people. By 2016 the population was 2,775 showing a population growth of 9.8% in the area during that time. The predominant age group in Kings Beach is 60-69 years. Households in Kings Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kings Beach work in a professional occupation. In 2011, 40% of the homes in Kings Beach were owner-occupied compared with 43% in 2016.

Kings Beach has 3,149 properties. Over the last 5 years, Houses in Kings Beach have seen a 54.99% increase in median value, while Units have seen a 82.28% increase. As at 30 September 2024:

  • The median value for Houses in Kings Beach is $955,353 while the median value for Units is $844,021.
  • Houses have a median rent of $638 while Units have a median rent of $600.
There are currently 33 properties listed for sale, and 7 properties listed for rent in Kings beach on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Kings beach.

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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.