Port Douglas, Queensland

Terrific Business But Unforeseen Circumstances Dictate A Sale

SOLD

Business Description

EXCLUSIVE AGENCY

Having enjoyed fifteen years in Port Douglas, the owners of this holiday management rights business have decided to return south to family and a well-earned retirement. This business has been their ‘sea change’ and they have made the most of their opportunities, made a lot of new friends lived the dream in one of Australia’s most desirable tropical playgrounds.

Their business enjoys the best of locations – at the ‘quiet’ end of the main street and less than 100m to the white sands of Four Mile Beach amidst tropical palms and lush gardens. Guests can walk everywhere or simply relax in their apartment or around the pool.

The apartments are very tastefully furnished, each with it’s own character and style and as the configuration varies the needs of guests, whether for singles, couples or families are well catered for. The business has traded consistently with many guests seeking to return year after year such are the facilities and the location.

Body Corporate agreements offer 20 years remaining with the option to top-up as required.

The manager’s apartment is well situated offering two bedrooms and two bathrooms with direct access to the guest reception facility also on title.

As it has been for our vendors, this business is well suited to a single or couple looking for a consistent, easily managed complex that offers an excellent return on investment. Having enjoyed the fruits of their effort for many years, the vendors are being very realistic in setting their asking price. They have decided to sell and the business is priced to attract your interest and response.

We suggest you enquire and arrange to come up and inspect without delay. The way tourism is going in Port Douglas, the opportunity to secure a good business like this and at this price, may not last.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $230,000 Remuneration / Body Corp Salary: $47,933Business Value: $550,000

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
First floor, compact and private, this apartment is well laid out and ideally suited for a management couple. Reception facility is on title and has direct access. Fully air-conditioned and ventilated.

Complex Information

Complex Type: HolidayTotal Units in Complex: 13Total Units in Letting Pool: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesBBQ Area: Yes
Marketing Agent
Geoff Ellis
Geoff Ellis

North Queensland Management Rights

North Queensland Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Owners are selling due to unforeseen circumstances and desire to retire.
2. Business has been established for 15 years and has a strong reputation in the Port Douglas area.
3. Prime location at the quiet end of the main street and less than 100m from Four Mile Beach.
4. Apartments are tastefully furnished and cater to a variety of guests, including singles, couples, and families.
5. Body Corporate agreements offer 20 years remaining with the option to top-up as required.
6. Manager's apartment is well situated with two bedrooms, two bathrooms, and direct access to the guest reception facility.
7. Ideal for a single or couple looking for a consistent, easily managed complex with a good return on investment.
8. Realistic asking price set by the vendors.
9. Opportunity to secure a good business in a desirable location.
10. Complex offers a pool, spa, and BBQ area for guests to enjoy.

Management Rights Multiplier: 2.39
ROI Estimate: 20.91%

Listing location

This Business is sold

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