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 $40,411
- Well maintained gardens, resort style pool and BBQ area
- Supportive committee and owners
- 21 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: $141,971
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: $141,971 Remuneration / Body Corp Salary: $40,411

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
Antonio Curulli

Key Investment Insights

Key Insights:

1. High occupancy rate: With 14 out of 16 units in the holiday letting pool, this business has a strong track record of high occupancy rates. This is a positive sign for potential buyers as it indicates a steady stream of income.

2. Guaranteed income: The Body Corporate salary of $40,411 is guaranteed, providing a stable source of income for the manager.

3. Well-maintained property: The gardens, resort-style pool, and BBQ area are all well-maintained, creating a desirable and attractive environment for guests.

4. Supportive committee and owners: A supportive committee and owners can make a big difference in the success of a management rights business. This is a positive aspect for potential buyers.

5. Long remaining agreements: With 21 years remaining on the agreements, the new manager will have a long-term opportunity to grow and develop the business.

6. Recently refurbished: The property has been extensively refurbished, making it ready for the new manager to reap the rewards of letting.

7. Spacious manager's residence: The two-bedroom manager's residence is spacious and comfortable, providing a desirable lifestyle for the manager.

8. Large office on title: Having a large office on title is a valuable asset for a management rights business, providing a designated space for managing the property.

9. Convenient location: The property is located minutes away from shopping, medical services, and a short drive from the international airport, making it a desirable location for guests.

10. Strong net profit: With a net profit of $141,971, this business has the potential to provide a good return on investment for the new manager.

11. Reasonable asking price: The asking price of $870,000, inclusive of the manager's real estate priced at $400,000, is reasonable for a profitable and well-maintained management rights business.

12. Experienced broker available: The presence of a management rights broker, Antonio Curulli, provides potential buyers with

Management Rights Multiplier: 3.31
ROI Estimate: 30.21%

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