Port Douglas, Queensland

Great Opportunity In Port Douglas

$1,695,000

Business Description

Very well presented and highly awarded property with central Port Douglas location.
This top business offers excellent facilities and amenities and is a well-established going concern.
Heated freeform pool and spa, guest laundry, undercover parking, tour desk, WIFI, continental breakfast.
With large, comfortable and affordable suites maintained to a high standard, the property provides for a niche market in this segment of the Port Douglas industry.
Ease of administration with pooled income and the added benefit of short-term zoning - with no owners able to live onsite.
Comfortable managers apartment with office, commercial laundry and kitchen on title, provides further opportunities for an astute manager.
Manager can also live offsite if desired.
Excellent $101,109 salary inclusive of GST - with further business growth potential, make this property very much worth further inquiry and viewing.

Business Summary

Business Snapshot

Price: $1,695,000 Net Profit: $300,235 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Spacious 160 sqm two-bedroom, two bathroom apartment with spacious private courtyard. Office and commercial laundry + kitchen on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 22Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

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%