Port Douglas, Queensland
High Performing Beautifully Presented Dual Key Business
$2,650,000
Business Description
This beautiful and high permforming 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.
An impressive, office and expansive reception area are 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. M ----------
Business Summary
Managers Unit
Value of Managers Apartment: $670,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: YesOn 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
Key Investment Insights
1. Prime Port Douglas location on the quiet end of Macrossan Street, at the start of the restaurant strip, short stroll to Four Mile Beach and Marina Mirage.
2. Dual key configuration of 30 apartments delivering 47 keys, comprising 13 one‑bedroom and 17 two‑bedroom layouts.
3. High letting control with 29 of 31 units in the manager’s holiday letting pool, only two lockups, no outside agents and no resident owners.
4. Manager’s apartment on title valued at $670,000, three bedrooms, two bathrooms, large patio and one car space, providing significant owner accommodation value.
5. Exclusive manager facilities include an impressive office and expansive reception area, enhancing on‑site operational control.
6. Long agreement term structure, 25‑year agreement with 23 years remaining, offering tenancy/operational stability.
7. Strong operational infrastructure with storage on each level and utilisation of housekeepers, supporting efficient day‑to‑day management.
8. Guest amenities that enhance marketability include a solar‑heated pool and spa, extensive water features, BBQ area, secure underground carpark, and guest transit lounge with TV, Wi‑Fi and tea/coffee.
9. Additional on‑site commercial support features include a meeting room with kitchenette, tour desk, Wi‑Fi, pay TV and eight retail shops.
10. Financial attractiveness noted as top net profit, healthy ROI and a body corporate salary, signalling strong cashflow potential.
11. Total complex size of 31 units with clear delineation of manager and letting pool units, simplifying asset oversight.
12. Confidentiality conditions apply, indicating a discreet sale process and potentially motivated vendor.
