Port Douglas, Queensland

A Winner and in the Best Location

$1,385,000

Business Description

Stylish boutique holiday apartments located in prime downtown Macrossan Street.
Winner of numerous Certificate of Excellence Awards.
Set-back for peace and tranquillity 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 $47,513 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: $1,385,000 Net Profit: $223,045 Remuneration / Body Corp Salary: $47,513Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 2Bathrooms: 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 Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in downtown Macrossan Street, close to all amenities and attractions.
2. Winner of numerous Certificate of Excellence Awards, indicating high levels of customer satisfaction.
3. Set-back location provides peace and tranquillity for guests.
4. Short stroll to the Marina, beach, and all shops and restaurants.
5. Elegant 2 bedroom managers apartment included in the sale.
6. Easily managed by one person, making it an ideal business for an individual or couple.
7. Good body corporate salary of $47,513 excl GST.
8. No residential obligation, allowing the manager to live off-site.
9. Little gardening required by manager and pool maintenance is the responsibility of the Body Corporate.
10. Income and expenses are pooled for easy administration.
11. Ideal property for an add-on to an existing business or for those looking to ease into retirement.
12. Managers apartment valued at $495,000.
13. Complex is a holiday accommodation type with 17 units in total.
14. 15 units are in the letting pool, with only 1 unit managed by an outside agent.
15. Agreement module is Accommodation with a term of 25 years, with 23 years remaining.
16. Complex features a pool, BBQ area, and WIFI for guests.

Management Rights Multiplier: 3.99
ROI Estimate: 25.06%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

MANAGEMENT RIGHTS BUSINESS AND MANAGERS RESIDENCE WITH OFFICE
Resort Realty
MANAGEMENT RIGHTS BUSINESS AND MANAGERS...

ROBINA

$1,400,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Exceptional Business-Only Management Rights - South Bank | Resort Brokers ID : MRB008539
ResortBrokers
Exceptional Business-Only Management Rights...

SOUTH BRISBANE

$1,360,000

Net Income: $213,104
Managers Estate: - - Bed - Bath
Letting Pool: 68
Remuneration: $151,537

Exciting Price Reduction! Perfect Entry Level Management Rights
Ras360
Exciting Price Reduction! Perfect Entry...

MAROOCHYDORE

$550K MR & $850K =Total $1.4M

Net Income: $166,000
Managers Estate: - 3 Bed 2 Bath
Letting Pool: 20
Remuneration: $56,494

3.81 Low Multiplier & Stable High Income - ID 9171
MR Sales
3.81 Low Multiplier & Stable High Inc...

ELANORA

$1,384,000

Net Income: $127,111
Managers Estate: $899,000 3 Bed 2 Bath
Letting Pool: 43
Remuneration: $113,989

Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508
ResortBrokers
Acquire a Prime Investment in stunning...

URANGAN

$1,250,000

Net Income: $191,709
Managers Estate: $680,000 3 Bed 2 Bath
Letting Pool: 47
Remuneration: $87,117

EXCEPTIONAL MANAGEMENT RIGHTS COMPLEX IN TIGHTLY HELD RAINBOW BAY
Premier Business Sales
EXCEPTIONAL MANAGEMENT RIGHTS COMPLEX IN...

COOLANGATTA

$1,480,000

Net Income: $209,163
Managers Estate: $685,000 2 Bed 2 Bath
Letting Pool: 36
Remuneration: $58,000

Unlock Your Dream - Hervey Bay Beachfront Ownership Awaits
$50 K Price Drop & Easy Part Time Income - ID 9115
Iconic Hotel in Stunning Location - 1P6187
FREEHOLD Backpackers in Brisbane
Freehold Investment Opportunity Sale by Private Treaty
SE QLD Premier Permanent Management Rights
Waterfront CBD Location in Townsville - 30 Years on Lease - 1P6237M
Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174
Fabulous Modern Boutique Guest House right in the heart of Airlie Beach - 2857MF
Big profits and beachside living on the Sunny Coast
Premium Vineyard & Exquisite Home, Central Otago
Big Profits and Priced to Sell!
Motel 3858 - 1P6235
Solid Permanent MR, Large Remuneration and Three Beds Manager Residence in West End
Profitable Business Only Resort Management Opportunity Cotton Tree
Tuscan-Themed Resort with $309K Net Profit – ID 9175
Kokonga Lodge – Boutique Accommodation & Event Venue
NEWLY ESTABLISHED PERMANENT MANAGEMENT RIGHTS PORTFOLIO BUSINESS ONLY