Port Douglas, Queensland
Crowning Glory of Macrossan Street Port Douglas
$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.
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, a short stroll to Four Mile Beach and Marina Mirage.
2. High-yield holiday complex configured as 30 dual-key apartments (13 one-bedroom, 17 two-bedroom), delivering 47 keys in total.
3. Manager controls 29 dual-key apartments in the holiday letting pool, with just two lock-up units, no outside agents, and no resident owners, indicating consolidated operational control.
4. On-title three-bedroom, two-bathroom manager’s apartment with large patio, exclusive office and expansive reception for manager use, value stated at $670,000.
5. Long accommodation agreement originally 25 years with 23 years remaining, providing medium-term revenue security.
6. Strong financial profile cited as top net profit, healthy ROI, plus a body corporate salary, enhancing investment returns.
7. Guest-focused amenities include a solar-heated pool and spa, extensive water features, BBQ area, and a secure underground carpark.
8. Operational advantages comprise a guest transit lounge with TV, Wi‑Fi and tea/coffee, a meeting room with kitchenette, on-site tour desk, and good storage on each level for housekeeper use.
9. Eight on-site retail shops add ancillary income streams and convenience for guests.
10. Comprehensive guest services and facilities include pay TV and Wi‑Fi across the complex, supporting occupancy and guest satisfaction.
