Key Investment Insights
1. Net profit approx. $270,000, asking price offers around $1.3M, inclusive of manager’s real estate.
2. Reported return on investment over 20% at a 3.3x multiplier, indicating strong cash-on-cash returns.
3. Long-term agreements in place, extended to 31 October 2048, with a 25-year agreement module and approximately 23 years remaining.
4. All 17 letting pool apartments have signed Form 6s, providing full operational control of the holiday pool.
5. Minimal on-site workload, easy-to-maintain common areas requiring about one hour per day, with no requirement to live on site.
6. Comfortable two-bedroom manager’s residence on title, includes on-title office, private courtyard, storage shed, one car space, pets allowed.
7. Manager’s apartment valued at $420,000, included in the sale, supporting transition and asset value.
8. Strong demand indicators, excellent online reviews and a solid base of returning guests, supporting occupancy and revenue stability.
9. Supportive Body Corporate and proactive committee, reducing governance friction and aiding operations.
10. Flexible office hours and a relaxed lifestyle balance, appealing for owner-operators seeking a sea change.
11. Resort amenities include pool, BBQ area and WiFi, enhancing guest appeal and competitiveness in the Port Douglas market.
12. Prime Port Douglas location, year-round tourism driven by proximity to the Daintree Rainforest and the Great Barrier Reef, supporting steady demand.
Management Rights Multiplier: 3.26
ROI Estimate: 30.68%