36 - 40 Mowbray Street, Port Douglas, Queensland
MANAGEMENT RIGHTS - Mowbray by the Sea Holiday Apartments, Port Douglas QLD - 1P0339
Management Rights - $1,840,000
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:
17 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
* 17 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.
Contact Alex Stagg at MHB direct on ---------- to discuss this fantastic opportunity.
Business Summary
Complex Information
Other Features / Notes
EXCLUSIVE, MANAGEMENT RIGHTS, Motel, QLD - Port DouglasKey Investment Insights
Some key insights for this business for sale listing include:
1. Prime location: The Mowbray by the Sea Holiday Apartments are located in a highly sought-after area, just 100m from the famous 4-mile beach in Port Douglas.
2. Strong investment opportunity: All 16 apartments are in the letting pool, and the business has good relationships with the Body Corp and individual owners, making it a sound and smart investment.
3. Potential for growth: Ongoing unit refurbishments and the opportunity for further income through separate Air BNB agreements make this business a great opportunity for growth.
4. Pet-friendly: While no pets are allowed in the units, the manager is allowed to have pets, making it a great option for those with furry or feathered friends.
5. Reasonable office hours: The business has very reasonable office hours, allowing for a great work-life balance in a sought-after location.
6. Long agreement: The business has a 17-year agreement, with the opportunity to increase the amount of years on the agreement.
7. Well-appointed units: The apartments are well-appointed, with approximately half of them recently refurbished.
8. Amenities: The complex features a 23-meter heated swimming pool and a spacious 2-bedroom, 2-bathroom manager's residence.
9. Close to amenities: The complex is just a short walk from restaurants and the main hub of Port Douglas, Macrossan Street.
10. Growing holiday destination: Port Douglas is a popular holiday destination, with opportunities for wildlife encounters, wellness treatments, and adventure activities. The new Port Douglas Splash Park, set to open in 2025, is also expected to increase exposure and potential growth for the business.
