Port Douglas, Queensland

Perfect Sea Change and Business

SOLD

Business Description

Steps from the iconic Four Mile Beach, Port Douglas, this niche market, beautiful property is the perfect fit for discerning couples or singles seeking a prosperous sea change.

This well-performing, easy-to-run business is a rare offering to the market. All identical apartments are in the holiday letting pool.
ROI on the business is over 26% and the price of the business is at a very reasonable multiplier of 3.8X.
The configuration is designed for ease of operation; all apartments are identical two-bedroom, two-bathroom units.
The gardens, common areas, and swimming pool are designed for ease of maintenance.
The manager has a spacious two-bedroom, two-bathroom apartment with two separate undercover balconies and an accessible front fenced yard.
This is a well-built and maintained complex, and a turn-key operation.

The three-night minimum stay adds to the ease of operation, especially in terms of cleaning and maintenance requirements.

In an outstanding and sheltered location, directly opposite the new water park and only 100 metres from the white sands and palm trees of the renowned Four Mile Beach.
Guests are welcomed into the expansive, tropical reception/foyer.
Amenities include a beautiful pool area and tropical gardens with barbecue and guest convenience facilities.

The high-quality, self-catering apartments are perfectly equipped for couples, friends, and families.
All this is within easy walking distance to Port Douglas restaurants, bars, cafes, and shops in Macrossan Street. Call Alex Stagg today to arrange a confidential inspection.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $285,000 Remuneration / Body Corp Salary: $52,363Business Value: $1,080,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

A spacious two bedroom, two bathroom apartment with two separate undercover balconies and an accessible front fenced yard. The managers office is on title and adjacent to the managers apartment.

Complex Information

Complex Type: HolidayTotal Units in Complex: 17Total Units in Letting Pool: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Alex Stagg

0406 85....

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $285,000, with business ROI exceeding 26% and a 3.8 times business value multiplier.
2. Turn key, easy to operate holiday letting business with identical two bedroom, two bathroom apartments throughout.
3. Prime Port Douglas location opposite the new water park and approximately 100 metres from Four Mile Beach.
4. Guests can walk to Macrossan Street restaurants, bars, cafes and shops.
5. The complex offers tropical gardens, swimming pool, spa, barbecue area, guest facilities, WiFi and pay television.
6. Manager receives a spacious two bedroom, two bathroom apartment with balconies, fenced yard and adjacent office on title.
7. Sixteen of seventeen complex units are in the holiday letting pool, supported by a 25 year agreement with 21 years remaining.
8. Three night minimum stays support simpler cleaning and maintenance requirements, while CPI reviews apply to the body corporate salary.

Management Rights Multiplier: 3.79
ROI Estimate: 16.38%