Port Douglas, Queensland

Perfect Sea Change and Business

$1,740,000

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: $1,740,000 Net Profit: $285,000 Remuneration / Body Corp Salary: $52,363Body 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

1. Price $1,740,000, net profit $285,000, indicating strong cashflow for the listed price.
2. Reported ROI over 26%, purchase price at a low multiple of 3.8X, signalling attractive investment metrics.
3. Turn‑key, well‑maintained holiday complex with consistent operating performance and established letting pool.
4. 16 of 17 units are in the holiday letting pool, providing near‑full portfolio revenue capture.
5. All guest apartments are identical two‑bedroom, two‑bathroom units, simplifying operations, maintenance, and inventory management.
6. Three‑night minimum stay policy reduces turnover and cleaning costs, easing day‑to‑day management.
7. On‑title managers apartment included, valued at $660,000, comprising two bedrooms, two bathrooms, two undercover balconies, accessible fenced yard, office on title, and one car space.
8. Manager remuneration/body corp salary $52,363 with CPI annual review, providing predictable staffing cost structure.
9. Prime sheltered location 100 metres from Four Mile Beach, directly opposite the new water park, within easy walking distance to Macrossan Street dining and retail.
10. Guest amenities include pool, spa, tropical gardens, barbecue area, tropical reception/foyer, pay TV and Wi‑Fi, supporting strong guest experience and self‑catering stays.
11. Complex configured for low maintenance, with gardens, common areas and pool designed for ease of upkeep.
12. Long accommodation agreement structure, 25 year term with 21 years remaining, offering tenure stability for continued operation.

Management Rights Multiplier: 3.79
ROI Estimate: 16.38%