Port Douglas, Queensland

Perfect Starter in Tropical Paradise

$1,300,000

Business Description

Here is your opportunity to live that home and tropical business dream.
The Port Douglas Outrigger Apartments delivers in terms of profitability, with an excellent ROI - plus standard of living for the manager and ease of management, with all apartments in the holiday letting pool. Manager is not required to live on site.
Port Douglas, as the jewel of the north, is enjoying a good increase in visitor numbers and top occupancies as the holiday market continues to grow.
This is an established business with niche market. A popular property with a large number of return guests.
The Body Corporate on-going maintenance programme gives peace of mind to the manager in terms of the quality of the presentation.
Manager has a good flexibility of room types with all apartments being in the manager’s holiday rental pool.
This well-presented resort complex is within close distance of all Port Douglas amenities. Guests can walk to the beach, shops, restaurants and the marina.
It is is a charming complex contained within landscaped gardens and an attractive pool area.
Guests’ facilities include a large heated pool, barbecue area, undercover parking, tour office, chromecast in all apartments, WiFi, and tropical gardens.
Manager has a refurbished, two-bedroom, one- bathroom apartment, with laundry and walk-in storage. Manager’s office is also on title.
This is a happy, easily managed property and would be ideal for new entrants to the industry.
The vendors are motivated, and the property is well-priced to meet the market.
Highly ranked on the review websites, this speaks volumes regarding guest satisfaction.
Call Calvin today for further information or to arrange an inspection.

Business Summary

Business Snapshot

Price: $1,300,000 Net Profit: $270,000 Remuneration / Body Corp Salary: $55,000Body corp salary review: CPI Annually

Managers Unit

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

Recently refurbished two bedroom, one bathroom apartment with laundry and walk in storage, plus office on title.

Complex Information

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

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Price $1,300,000, net profit $270,000, indicating strong cashflow and attractive return on investment.
2. Manager remuneration/body corporate salary $55,000, with annual CPI review, providing predictable owner income.
3. Manager’s refurbished two‑bedroom, one‑bathroom apartment on title valued at $420,000, includes laundry, walk‑in storage, and office on title.
4. 17 of 18 units are in the holiday letting pool, giving the manager flexibility of room types and maximising rental yield.
5. 25‑year accommodation agreement with 23 years remaining, offering long term operational stability.
6. Highly ranked on review websites, signalling strong guest satisfaction and a large number of return guests.
7. Prime Port Douglas location, within walking distance to beach, shops, restaurants and the marina, enhancing occupancy potential.
8. Guest facilities include a large heated pool, barbecue area, undercover parking, tour office, Chromecast in all apartments and WiFi, supporting premium guest experience.
9. Well presented resort contained in landscaped tropical gardens and attractive pool area, supported by an ongoing body corporate maintenance programme.
10. Manager is not required to live on site, increasing operator flexibility and appeal to absentee owners.
11. Vendors motivated and property described as well priced to meet the market, creating potential for a timely transaction.

Management Rights Multiplier: 3.26
ROI Estimate: 30.68%