Port Douglas, Queensland

Perfect Holiday Business - One of The Best

SOLD

Business Description

Located ideally in the heart of the tourist mecca of Port Douglas. Stroll to the beach, cafes, shops and all attractions.
One of the best presented and performing holiday properties in Port Douglas and a pleasure to present to market.
Harmonious Body Corporate and good Agreements. No owners permitted to live on site.

Perfect location, business and lifestyle with top income for astute management.

Very well priced. Motivated owners moving on and purchasing a larger property.

Contact Calvin Bailey for full property and business details.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $303,000 Remuneration / Body Corp Salary: $56,663Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: No

Spacious first floor unit with balcony. Own guest laundry equipment.

Complex Information

Complex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 26Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 Years yearsPool: YesPay TV: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Prime location in the heart of Port Douglas, a popular tourist destination.
2. Well-maintained and presented holiday property with a good reputation.
3. Harmonious Body Corporate and favorable agreements.
4. No owners living on site, allowing for a more streamlined management process.
5. Potential for high income for a skilled and astute manager.
6. Motivated owners looking to sell and upgrade to a larger property.
7. Managers unit with 2 bedrooms, 2 bathrooms, and a balcony.
8. Complex is primarily a holiday accommodation, with 26 units in the letting pool and 1 outside agent unit.
9. Agreement module is Accommodation and has 23 years remaining.
10. Facilities include a pool and pay TV.

Management Rights Multiplier: 4.11
ROI Estimate: 24.34%