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 holiday complex comprising 30 dual key apartments (13 one‑bedroom, 17 two‑bedroom) equating to 47 keys.
3. Strong letting exposure, 29 of 31 units in the manager’s holiday letting pool, only two lockup units; 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.
5. Exclusive use manager facilities including an impressive office and expansive reception area, enhancing on‑site control and operations.
6. On‑site amenities include solar‑heated pool and spa, extensive water features, BBQ area and secure underground carpark.
7. Guest facilities include a transit lounge with TV and Wi‑Fi, tea/coffee, meeting room with kitchenette and a tour desk, improving guest experience and ancillary revenue potential.
8. Eight on‑site retail shops provide additional income streams and convenience for guests.
9. Operational efficiencies supported by good storage on each level and utilisation of housekeepers.
10. Financial strengths stated as top net profit, healthy ROI and inclusion of a body corporate salary, indicating strong cashflow characteristics.
11. Long accommodation agreement framework, 25‑year term with 23 years remaining, offering tenancy/operational stability.
12. Additional features include pay TV, on‑site Wi‑Fi, pets allowed and manager exclusives that enhance market appeal.
