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%