Port Douglas, Queensland

High Performing Dual Key Business Beautifully Presented

$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.

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: 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. High performing dual key holiday business with stated top net profit and healthy return on investment.
2. Prime quiet end Macrossan Street location, close to the restaurant strip, Four Mile Beach and Marina Mirage.
3. 30 dual key apartments provide 47 keys, with 29 apartments in the manager’s holiday letting pool.
4. On title three bedroom, two bathroom manager’s apartment includes a large patio, one car space and pets permitted.
5. Exclusive use office and expansive reception area support professional on site management operations.
6. Solar heated pool, spa, water features, BBQ area and secure underground carpark enhance guest amenities.
7. Guest transit lounge, meeting room, tour desk, Wi Fi and eight on site retail shops provide additional facilities.
8. Good storage on each level and housekeeper utilisation support efficient day to day operations.
9. Long accommodation agreement has 23 years remaining, providing extended tenure for the incoming manager.