Key Investment Insights
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: 41.82%