Port Douglas, Queensland

Simply the Best

SOLD

Business Description

Exclusive 4.5 star beachfront resort on Port Douglas (Four Mile) Beach. Tariff ranges of average $422 per night reflect the standard of this property. Resort facilities are excellent with the property maintained to a very high standard. The manager has a large two bedroom two bathroom apartment with Reception and back office on title. The guests have 2 and 3 bedroom apartments all with 2 bathrooms, all spacious, well-appointed and with views. With tropical gardens, exclusive beach access and full resort features, this beautifully presented property is of a calibre that rarely comes on the market. Excellent business security, with 95% units in the pool, 20 years on Agreements with a 5 year top-up in November. Top salary of $123k. They don’t come any better than this.
Contact Alex for further information

Business Summary

Business Snapshot

Price: SOLD Net Profit: $889,455 Remuneration / Body Corp Salary: $120,830Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Spacious two bedroom, two bathroom with patio, plus reception and office on title.

Complex Information

Complex Type: HolidayStar Rating: 4.5Total Units in Complex: 42Total Units in Letting Pool: 39Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Exclusive 4.5 star beachfront resort on Port Douglas (Four Mile) Beach.
2. Average tariff of $422 per night reflects the high standard of the property.
3. Excellent resort facilities and well-maintained property.
4. Manager's apartment is a large two bedroom, two bathroom unit with reception and office on title.
5. Guest accommodations consist of 2 and 3 bedroom apartments, all with 2 bathrooms and views.
6. Tropical gardens, exclusive beach access, and full resort features make this property stand out.
7. High business security with 95% of units in the letting pool.
8. 20 years remaining on agreements with a 5 year top-up in November.
9. Top salary of $123,000.
10. Managers apartment valued at $850,000.
11. Complex is a holiday type with a 4.5 star rating.
12. Total of 42 units in the complex, with 39 in the letting pool and 2 outside agent units.
13. Agreement module is accommodation with a term of 25 years and 20 years remaining.
14. Property features a pool, spa, tennis court, BBQ area, and WIFI.

Management Rights Multiplier: 5.06
ROI Estimate: 19.77%