Port Douglas, Queensland

Ideal Business In A Top Location

Offers over $1,300,000

Business Description

Our vendors have enjoyed a wonderful decade with this holiday management rights business in this wonderful tourist location. They have grown the business considerably over that time, upgrading accommodation facilities and service and developing excellent relationships with owners and Body Corporate. And you should see the benefits of very good management in the reviews – ranking 4.9 which is as good as it gets. Accordingly this presents a tremendous opportunity for anyone to step in and make the most of it.

With a nice quiet location, within five minutes walk of Macrossan Street, the beach and the marina, Port Douglas Outrigger has obvious appeal to tourists, be they couples looking for romance or family groups looking for relaxation. Other than the managers’ apartment there are 17 lots in the complex and all are in the letting pool. There is a flexible configuration with 6 x one bedroom apartments and 11 x two bedroom apartments, 2 of which are spacious penthouses for those seeking something special. The complex has well designed landscaping, undercover parking and an attractive area for guests to relax around the pool with a BBQ.

The Body Corporate has recently approved new 25 year agreements through to 2048 and they have in place a maintenance programme to upgrade the buildings and grounds. This all provides an excellent platform for new owners. The complex delivers an excellent profit and the managers apartment, recently renovated throughout, offers very comfortable residential living.

Anyone seeking a business investment that is running very well from day one should be looking at this.

Business Summary

Business Snapshot

Price: Offers over $1,300,000 Net Profit: $270,000 Remuneration / Body Corp Salary: $51,818

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Very comfortable spacious apartment with outdoor garden area. Recently renovated throughout with direct access to the office which is also on title

Complex Information

Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 17Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

Key insights for this business for sale listing include:

1. The business has been successfully operating for a decade and has seen significant growth under the current owners.

2. The location of the business is ideal, being within walking distance of popular tourist attractions and amenities.

3. The business has received excellent reviews, with a 4.9 ranking, indicating high levels of customer satisfaction.

4. The complex has 17 lots in the letting pool, with a flexible configuration of one and two bedroom apartments, as well as two spacious penthouses.

5. The Body Corporate has recently approved new 25 year agreements, providing stability and a strong foundation for new owners.

6. The complex has well-designed landscaping, undercover parking, and a pool and BBQ area for guests to relax in.

7. The managers' apartment has been recently renovated and offers comfortable residential living, with direct access to the office.

8. The business has a strong profit and the managers' apartment has a value of $420,000.

9. The complex is classified as a holiday complex and has a total of 18 units, with 17 in the letting pool.

10. The agreement module is "Accommodation" and there are 23 years remaining on the current agreement term.

11. The complex offers amenities such as a pool, BBQ area, and WIFI for guests.

12. The business presents a great opportunity for new owners to step in and continue its success from day one.

Management Rights Multiplier: 3.26
ROI Estimate: 20.77%