Port Douglas, Queensland

Management Rights Opportunity in Port Douglas – Profitable & Easy to Run - ID 8990

$870,000

Business Description

North Queensland Management Rights For Sale

- 14 out of 16 units in the holiday letting pool, happy owners all on board.

- Guaranteed Body Corporate salary of $47,275.

- Well maintained gardens, resort style pool and BBQ area.

- Supportive committee and owners.

- 18 years remaining on agreements.

- Extensively refurbished and ready to reap the rewards of letting.

- Expansive two bedroom manager's residence.

- Large office on title.

- Minutes to shopping, medical services and a 45 minute drive to International Airport.

- Perfect location and lifestyle with a comfortable residence included. Net Profit: $148,835Asking Price: $870,000(Inclusive of Manager's Real Estate)For further information or to arrange an inspection of this North Queensland Management Rights business for sale contact:Management Rights BrokerAntonio Curulli

Property Code: 527

Business Summary

Business Snapshot

Price: $870,000 Net Profit: $148,835 Remuneration / Body Corp Salary: $47,275

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Two bedroom, two bathrooms, spacious open plan design, alfresco space, state of the art kitchen, pool access, private garage

Complex Information

Complex Type: MixedTotal Units in Complex: 16Total Units in Letting Pool: 14Owner Occupy Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Antonio Curulli

MR Sales

Key Investment Insights

1. Net profit $148,835, indicating strong current cashflow relative to asking price.
2. Asking price $870,000, sale is inclusive of the manager’s real estate valued at $400,000.
3. Guaranteed Body Corporate salary $47,275, providing stable base remuneration.
4. 14 of 16 units actively in the holiday letting pool, demonstrating high owner participation and letting yield.
5. 18 years remaining on management agreements, offering long-term income security.
6. Extensively refurbished property, ready to capitalise on letting performance without major immediate capital expenditure.
7. Expansive two bedroom, two bathroom manager’s residence with alfresco, state of the art kitchen, pool access and private garage, enhancing lifestyle and rental value.
8. Large office on title, supporting operations and adding tangible asset value.
9. Resort-style amenities including well maintained gardens, pool, BBQ area and onsite WiFi, increasing guest appeal and competitive positioning.
10. Supportive committee and owners, reducing management friction and operational risk.
11. Compact mixed complex of 16 units, with 1 owner-occupy and 1 manager unit, enabling focussed management and easier oversight.
12. Convenient location minutes from shopping and medical services, and a 45 minute drive to the International Airport, strengthening tourist accessibility and lifestyle appeal.

Management Rights Multiplier: 3.16
ROI Estimate: 31.67%