59b Cyrus Street, Hyams Beach
P: 02 44430242
M: 0455 544 228
Rare, historic Whalers Cottage - one of only 4!
3 2 1
For Sale - $1.1 - $1.2M
The Green Whalers Cottage is one of four whaler's cottages located in the heart of Hyams Beach. This unique cluster of cottages is located at 59 Cyrus Street and each has its own torrens title, with a very small portion of community title that encompasses the shared driveway and visitor parking.
All of the cottages are architecturally consistent and tie in aesthetically with the 7 Hyams Beach Seaside Cottages next door - making for a highly sought after pocket of Hyams - by owners and guests! This ensures that the holiday rental income potential of these cottages is always high.
The Green Whalers has 3 bedrooms (queen, queen, double) - all upstairs, and 2 bathrooms - one upstairs, one downstairs. There is an open plan kitchen, dining and living area downstairs - complete with fire place. The living area has plenty of natural light and adjoining front and rear timber decks. The upstairs bedrooms have ocean facing windows and a full width Juliet balcony.
One car space is on title, and the rear deck has a small storage shed.
The location of this property is perfect - very central to the Hyams Beach Cafe and the beaches, yet set back about 50 meres from the street.
Holiday rental income has been circa $42,000 of late, with a range of $35,000 - $50,000 over the past 5 years. The property is currently managed by the owners.
Subject to negotiation, the Green Whaler's Cottage may be sold fully furnished and equipped.
Annual rates are circa $2,700 per annum and the VGA land value is $358,000.
Community title costs are circa $275 per quarter of which this lot pays 20% or circa $55 per quarter.
Inspection is by appointment only. Please call Craig McIntosh on 0455 544 228.
Or By Appointment