Key Investment Insights
1. Well-established and highly awarded property in a central Port Douglas location.
2. Offers excellent facilities and amenities, including a heated freeform pool and spa, guest laundry, and tour desk.
3. Niche market in the affordable and comfortable suites segment of the Port Douglas industry.
4. Ease of administration with pooled income and short-term zoning.
5. Manager's apartment with office, commercial laundry, and kitchen on title, providing further opportunities for an astute manager.
6. Manager can live offsite if desired.
7. Excellent salary of $101,109 inclusive of GST, with potential for further business growth.
8. Manager's apartment valued at $440,000 and includes two bedrooms, two bathrooms, and a spacious private courtyard.
9. Complex is a holiday type with 23 total units and 22 units in the letting pool.
10. Agreement is under the accommodation module for 25 years with 23 years remaining.
11. Complex amenities include a pool, spa, BBQ area, and WIFI.
Management Rights Multiplier: 4.18
ROI Estimate: 23.92%