36 - 40 Mowbray Street, Port Douglas, Queensland
MANAGEMENT RIGHTS - Mowbray by the Sea Holiday Apartments, Port Douglas QLD - 1P0339
Management Rights - $1,775,000
Business Description
EXCLUSIVE TO MHB
Mowbray by the Sea Holiday Apartments, Port Douglas
MANAGEMENT RIGHTS FOR SALE
BUSINESS OPPORTUNITY:
Brilliant corner location in Port Douglas, less than approx. 100m from the famous 4-mile beach.
All 16 apartments are in the letting pool. Good relationships with the Body Corp and individual owners assure a very sound and smart investment here.
Ongoing unit refurbishments see this well established and family-oriented accommodation in good stead to take to the next level.
Whilst no pets are allowed in the units, the manager can have pets and current owners have 2 dogs, so you can bring your fur or feathered friends with you.
Very reasonable office hours allowing you a great lifestyle in a very sought after location.
WHY YOU SHOULD BUY:
21 x year agreement with opportunity to increase the amount of years on the agreement, 16 out of 16 units in the letting pool, great location, easily accessible corner site, large 2 bedroom 2 bathroom managers apartment, recently refurbished, only 100m from the famous 4 mile beach, strong and growing returns in a very sought after part of Australia, opportunity for further income through separate Air BNB agreements.
Key Features:
* Body corporate levies-approx. $2,800 per quarter
* Short walk to restaurants
* Approx. half of the apartments have been refurbished
* Minimal gardening maintenance needed
* Managers allowed pets
* 21 years left on agreement
* Well-appointed units
* 23 x metre heated swimming pool
* 2-bedroom, 2-bathroom manager`s residence
* Open plan living with full kitchen and dining
* Spacious private balcony
* Approx. 100 meters from the white sands of beautiful Four Mile Beach
* Easy walk to Port Douglas' main hub Macrossan Street
LOCATION: Port Douglas, QLD
Just an hour's drive north from Cairns to Port Douglas, and you'll find a unique melting pot. This tropical town mixes laid-back lifestyle with exhilarating adventure; luxury experiences with an earthy, welcoming atmosphere; and it's a stone's throw from where two World Heritage-listed areas collide.
Wildlife encounters, wellness treatments, lush landscapes, and opportunities for adventure are all at your fingertips each with their own way of nourishing your soul.
The new Port Douglas Splash Park completing in June 2025 is to be located directly opposite the Mowbray at Jalunbu Park and is sure to increase exposure.
Offering great returns and strong opportunity for growth in a growing holiday destination.
For more information or to make an enquiry, contact Alex Stagg direct on ---------- or contact the MHB Office on ---------- .
Business Summary
Complex Information
Other Features / Notes
EXCLUSIVE, MANAGEMENT RIGHTS, Motel, OTHER OPPORTUNITY, QLD - Port DouglasKey Investment Insights
1. Prime corner site in Port Douglas, approximately 100 metres from Four Mile Beach, high pedestrian visibility and easy access.
2. All 16 apartments are in the letting pool, providing immediate income generation and simplified management.
3. Long secure contract, 21 years remaining on the management agreement, with potential to extend the term.
4. Large on-site manager residence, two bedroom two bathroom, supporting live‑in management and operational efficiency.
5. Approximately half the apartments recently refurbished, ongoing upgrades positioning the property to command higher rates.
6. Heated 23 metre swimming pool, a notable guest amenity that enhances appeal for holiday bookings.
7. Managers permitted to have pets while units are pet free, offering lifestyle flexibility for owners/operators.
8. Low maintenance grounds, minimal gardening requirements reducing operating costs and management time.
9. Body corporate levies approximately $2,800 per quarter, a clear operating cost metric for budgeting.
10. Short walk to restaurants and Macrossan Street, placing guests close to Port Douglas' main retail and dining hub.
11. Opportunity for additional revenue through separate Airbnb agreements, enabling diversified income streams.
12. Local growth catalysts include the new Port Douglas Splash Park opposite the property, expected to increase exposure and visitation.
