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: $154,842Asking 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: $154,842 Remuneration / Body Corp Salary: $47,275

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 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. Asking price $870,000, inclusive of manager's real estate.
2. Net profit approximately $149,000–$155,000 based on advertised figures.
3. Guaranteed Body Corporate salary of $47,275.
4. 14 of 16 units are in the holiday letting pool, indicating strong owner participation.
5. Agreement term originally 25 years, with 18 years remaining.
6. Expansive two‑bedroom manager's residence valued at $400,000, with two bathrooms, alfresco space, state‑of‑the‑art kitchen, pool access and private garage.
7. Large office included on title, supporting on‑site operations.
8. Resort‑style amenities include well maintained gardens, a pool, BBQ area and on‑site WiFi.
9. Supportive body corporate committee and owners, noted as a strength for management.
10. Extensively refurbished and described as ready to reap the rewards of letting.
11. Mixed complex of 16 units, with one owner‑occupy unit and one manager unit.
12. Convenient location, minutes to shopping and medical services, and a 45 minute drive to the international airport.

Management Rights Multiplier: 2.78
ROI Estimate: 17.80%