Situated just seconds from the stunning Four Mile Beach in the exclusive holiday haven of Port Douglas, the superb and easily run Garrick House complex offers a great income in one of the world’s most desirable locations.
The North Queensland tourist haven became globally famous in November 1996 when United States President Bill Clinton and First Lady Hillary Clinton chose the town as their only holiday stop on their historic visit to Australia. At a local restaurant where they were dining, they also witnessed a stunned couple's wedding certificate.
Four Mile Beach, as the name suggests, is an enormously long stretch of sand, where visitors can enjoy stunning sunrises, a seemingly endless stretch of beach perfect for walking and running, and warm water for year-round swimming.
Garrick House is the perfect choice for a Port Douglas holiday, and thousands of happy guests agree, with the property taking out TripAdvisor awards over the last three years.
The complex features spacious well-equipped apartments on a quiet palm-tree lined street. It is just metres from Four Mile Beach and only a two-minute walk to the delightful Macrossan Street, with all its enticing restaurants, cafés and boutique shops.
Management rights for Garrick House are on sale for $1.3 million. It offers a $239,028 profit and a body corporate salary of $46,221 which is CPI reviewed annually.
The property also comes with a spacious two-bedroom ground floor manager’s residence that adjoins the office.
Port Douglas has a permanent population of 3500 and is about 60km north of Cairns. During the peak tourism season from May to September the town can host 3500 visitors a day.
“It’s a beautiful, well-located property,” says Calvin Bailey of Calvin Bailey Management Rights.
“It’s very well located in the “Golden Triangle” as it’s called, right on Four Mile Beach and close to all the shops and restaurants.
“Port Douglas is one of the most iconic holiday destinations in Australia.
“Lockdowns have had an impact recently of course, but earlier this year when we were sort of back to normal for a while, Port Douglas was absolutely chockers. Everything was going so well and it will get back to that eventually.”
The property has no owner-occupiers and there are no requirement for managers to live on site and no set office hours. This means that the business can be tailored to suit a new manager’s lifestyle.
Garrick House offers free unlimited Wi-Fi, spacious comfortable apartments, private balconies with pool and garden views, and air-conditioning and ceiling fans. The apartments have fully equipped kitchens with ovens, dishwashers, fridges and microwaves, in-room washing machines and driers, Foxtel cable TV channels, flat screen TVs, CD & DVD players and in-room safes.
The property features a heated swimming pool with waterfall surrounded by tropical gardens, a poolside barbecue and dining area, araised sundeck with sun lounges, complimentary unlimited Wi-Fi, and a complimentary undercover car park.
All the apartments are quiet and private and they enjoy sea breezes.
Find the business listing details HERE.
Find more business listings HERE.
Find the latest industry news HERE