Port Douglas, Queensland

Port Douglas Management Rights - 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. You can't go wrong with this management rights opportunity.

Net Profit: $148,835
Asking Price: $870,000
(Inclusive of manager's real estate priced at $400,000)

For further information or to arrange an inspection of this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio 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

- 14 out of 16 units in the holiday letting pool, with happy owners and a supportive committee. This shows a strong level of trust and satisfaction with the current management.

- The guaranteed Body Corporate salary of $47,275 provides a stable income for the manager, ensuring financial security.

- The well-maintained gardens, resort-style pool, and BBQ area are attractive features for guests and contribute to a positive holiday experience.

- The supportive committee and owners make for a harmonious working relationship and a pleasant living environment for the manager.

- With 18 years remaining on the agreements, there is a long-term opportunity for the manager to continue running the business and building relationships with guests and owners.

- The extensive refurbishments have prepared the property for successful holiday letting, allowing the manager to reap the rewards of increased bookings and revenue.

- The expansive two-bedroom manager's residence provides comfortable living quarters for the manager and their family.

- The large office on title is a valuable asset, providing a dedicated workspace for the manager to efficiently run the business.

- The location of the property, just minutes from shopping, medical services, and a 45-minute drive to the International Airport, is ideal for guests and convenient for the manager.

- The all-inclusive price of $870,000, which includes the manager's real estate valued at $400,000, makes this a great value for a management rights opportunity in a desirable location.

Overall, this management rights business in Port Douglas offers a stable income, a supportive community, and a comfortable lifestyle for the manager. With a strong holiday letting pool, well-maintained facilities, and a convenient location, this business has the potential for continued success and growth.

Management Rights Multiplier: 3.16
ROI Estimate: 31.67%