Port Douglas, Queensland

High Performing Dual Key Business, Beautifully Presented - No Resident Owners, No Outside Agents

$2,650,000

Business Description

This beautiful and high performing property is perfectly located on the quiet end of Macrossan Street, at the start of the restaurant strip and just a short stroll from Four Mile Beach, and the Marina Mirage.

Rarely do properties of this calibre come along.

A standout feature is the impressive, office and expansive reception area for the manager's exclusive use. Added to this, on title, is a 133 sqm spacious three-bedroom/two-bathroom manager's apartment with large patio area.

Configuration is: 30 dual key apartments, comprising 13 x 1 bedroom and 17 x 2-bedroom apartments - 47 keys. 29 dual key apartments are in the manager's holiday letting pool. Just two lock ups, no outside agents, no resident owners.

Amenities include a solar-heated pool and spa area, extensive water features, BBQ area, and a secure underground carpark. A guest's transit lounge with TV/WIFI and tea/coffee facilities, provides a unique advantage to the manager, plus there is a meeting room, with kitchenette. Additionally, there is a tour desk, and Wi-Fi, plus eight on-site retail shops. The manager is provided with good storage on each level, allowing for ease of operation, along with the utilisation of housekeepers.

A top net profit, healthy ROI, and body corporate salary, make this one of the most desirable properties in Port Douglas.

Confidentiality conditions apply.

Call Calvin Bailey today, inspection is highly recommended.

Business Summary

Managers Unit

Value of Managers Apartment: $670,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

On title, is a spacious three-bedroom/two-bathroom managers apartment, with large patio area. Added to this, an impressive office and expansive reception area are provided for the managers exclusive use.

Complex Information

Complex Type: HolidayTotal Units in Complex: 31Total Units in Letting Pool: 29Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Port Douglas location at the quiet end of Macrossan Street, near restaurants, Four Mile Beach and Marina Mirage.
2. 29 apartments in the holiday letting pool, with no outside agents, no resident owners and only two lockups.
3. Accommodation agreement has 23 years remaining from a 25 year term.
4. Listing reports strong net profit, healthy return on investment and a body corporate salary, without disclosing figures.
5. Spacious 133 square metre manager’s apartment on title includes three bedrooms, two bathrooms, a large patio and one car space.
6. Impressive office and expansive reception area are provided for the manager’s exclusive use.
7. Dual key configuration comprises 13 one bedroom and 17 two bedroom apartments, providing 47 keys.
8. Guest amenities include a solar heated pool, spa, BBQ area, extensive water features and secure underground parking.
9. Guest transit lounge offers television, WiFi and refreshments, complemented by a meeting room with kitchenette.
10. Storage on every level and the use of housekeepers support ease of operation.
11. Additional facilities include a tour desk and eight onsite retail shops.