Port Douglas, Queensland

Beautifully Located Port Douglas Management Rights - ID 8991

$789,000

Business Description

North Queensland Management Rights
70 Metres From Four Mile Beach - Port Douglas

- Holiday management rights for sale
- 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
- 50 metres from all shopping, medical services and 45 minute drive to International Airport
- Ideal opportunity for active couple to maintain the letting pool or add on another adjacent property to their management rights portfolio.

The near beachfront location is perfect, the lifestyle relaxed and comfortable.

Net Profit: $120,000
Asking Price: $789,000
(Inclusive of manager's real estate priced at $386,000)

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: 528

Business Summary

Business Snapshot

Price: $789,000 Net Profit: $120,000 Remuneration / Body Corp Salary: $44,214

Managers Unit

Value of Managers Apartment: $386,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Triple storey terrace style villa, 2 bedrooms, 1 bathroom, pool access, single car accommodation, alfresco area, air conditioning, ceiling fans

Complex Information

Complex Type: HolidayTotal Units in Complex: 10Total Units in Letting Pool: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Antonio Curulli

MR Sales

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%