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%