Port Douglas, Queensland

Relax in Paradise Port Douglas

$1,473,000

Business Description

Well presented and within close distance of all Port Douglas amenities. Established business with niche market. Popular property with a large number of return guests. Good flexibility of room types with most being in the Managers rental pool. Motivated Vendors and property well priced to meet the market. This is a good easily managed property for example, for new entrants to the industry. It is a charming complex contained within extensive landscaped gardens and attractive pool area.
Port Douglas as the jewel of the North, has enjoyed a good increase in visitor numbers as the holiday market picks up, is now flourishing post Covid, and enjoying record tourism numbers. Here is your opportunity to live that home and business dream.
Call Alex today for more information on this great business and lifestyle opportunity.

Business Summary

Business Snapshot

Price: $1,473,000 Net Profit: $268,684 Remuneration / Body Corp Salary: $43,276Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Large 2 bedroom 2 bathroom apartment.

Complex Information

Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 16Holiday Units: 16Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Well-presented and conveniently located within close distance to all Port Douglas amenities.
2. Established business with a niche market.
3. High number of return guests.
4. Flexible room types, with most being in the Managers rental pool.
5. Motivated vendors and well-priced property.
6. Suitable for new entrants to the industry.
7. Charming complex with extensive landscaped gardens and attractive pool area.
8. Port Douglas experiencing a good increase in visitor numbers and record tourism numbers.
9. Opportunity to live the dream of owning a home and business in a popular tourist destination.
10. Net profit of $300,000 and remuneration/body corp salary of $43,276.
11. Managers unit valued at $400,000 and includes 2 bedrooms, 2 bathrooms, and an office.
12. Complex consists of 18 units, with 16 in the letting pool and 1 lockup unit.
13. Agreement module is accommodation with a term of 25 years and 21 years remaining.
14. Amenities include a pool, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 3.92
ROI Estimate: 25.52%