Port Douglas, Queensland

A Winner and in the Best Location

$1,300,000

Business Description

Stylish boutique holiday apartments located in prime downtown Macrossan Street.
Winner of numerous Certificate of Excellence Awards.
Set-back for peace and tranquility for guests.
Short stroll to the Marina, beach, and all shops/restaurants.
Elegant 2 bedroom managers apartment.
Easily managed by one person. Good body corporate salary of $49,994 excl GST.
No owners can reside onsite.
Little gardening required by manager and pool maintenance is Body Corporate responsibility.
Income/Expenses pooled for easy administration.
No Residential Obligation - approval for manager to live off site.
Ideal property for an add on or for those leading into retirement.
Call Calvin for full property details.

Business Summary

Business Snapshot

Price: $1,300,000 Net Profit: $216,000 Remuneration / Body Corp Salary: $49,994Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Comfortable two bedroom one bathroom apartment - 104m2, with nice patio area.

Complex Information

Complex Type: HolidayTotal Units in Complex: 17Total Units in Letting Pool: 15Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in downtown Macrossan Street, close to the marina, beach, and all shops and restaurants.
2. Winner of numerous Certificate of Excellence Awards, indicating high levels of customer satisfaction and quality.
3. Set-back from the street for peace and tranquility, providing a relaxing atmosphere for guests.
4. Elegant 2 bedroom managers apartment, adding to the overall appeal and value of the property.
5. Easily managed by one person, reducing operational costs and making it an ideal business for those looking to lead into retirement.
6. Good body corporate salary of $49,994 excl GST, providing a steady income for the manager.
7. No owners can reside onsite, allowing for privacy and independence for the manager.
8. Little gardening required by manager and pool maintenance is Body Corporate responsibility, reducing workload and expenses.
9. Income and expenses are pooled for easy administration, making it a streamlined and efficient business.
10. No residential obligation, with approval for the manager to live off site, providing flexibility and options for the manager.
11. Ideal property for an add-on to an existing business or for those looking to lead into retirement.
12. Comfortable and spacious two bedroom, one bathroom managers apartment with a nice patio area.
13. Well-maintained complex with 15 units in the letting pool and only one outside agent unit.
14. Accommodation agreement module with a remaining term of 23 years, providing long-term stability for the business.
15. On-site amenities such as a pool, BBQ area, and WIFI, adding to the overall appeal and value for guests.

Management Rights Multiplier: 3.70
ROI Estimate: 16.62%