Key Investment Insights
Key Insights:
- Management rights for a holiday complex in Port Douglas, North Queensland
- Guaranteed Body Corporate salary of $44,214
- 10 unit boutique style complex with 9 apartments in the letting pool
- Well-maintained gardens and amenities
- Generous 2 bedroom manager's triple storey villa
- Large Exclusive Use office
- Supportive committee and owners
- 19 years remaining on agreements
- Located only 70 metres from Four Mile Beach
- Close proximity to shopping, medical services, and international airport
- Ideal opportunity for an active couple to maintain the letting pool or expand their management rights portfolio
- Net profit of $120,000
- Asking price of $789,000 (includes manager's real estate priced at $386,000)
Management Rights Multiplier: 3.36
ROI Estimate: 29.78%