Port Douglas, Queensland

One of the Finest in Port Douglas

SOLD

Business Description

Delightful and beautifully presented property in main street location, and only 60m from beach.
Minutes stroll to restaurants, cafes and shops.
Tasteful, modern 1 bedroom apartments of French design, recent upgrades.
Popular Four Star property with a location advantage and providing top guest facilities.
Established business with niche market which does not allow for accommodating children under 16.
The holiday market in Port Douglas is booming, has enjoyed two record seasons, and is set to stay.
No owners permitted to reside onsite.
This boutique property is contained within extensive landscaped gardens and beautiful pool area.
Great lifestyle and business.
Current managers are ready to retire and it is important to them that the property goes to the right people who will continue the same good relationship with the owners.
One of the best properties I have had the pleasure to market.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $256,828 Remuneration / Body Corp Salary: $39,649Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title

Spacious and fully furnished - a delightful living area with 40 sq metre covered and private patio.

Complex Information

Complex Type: HolidayTotal Units in Complex: 20Total Units in Letting Pool: 19Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 Years yearsPool: YesSpa: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Located in a prime position in the main street of Port Douglas, only 60m from the beach.
2. Beautifully presented and well-maintained property with recent upgrades.
3. Offers tasteful and modern 1 bedroom apartments designed in a French style.
4. Popular four-star property with top guest facilities, catering to a niche market of adults only.
5. Booming holiday market in Port Douglas with two record seasons and continued growth expected.
6. No owners permitted to reside on-site, providing a peaceful and private atmosphere for guests.
7. Surrounded by extensive landscaped gardens and a beautiful pool area, creating a tranquil and relaxing environment.
8. Great lifestyle and business opportunity for potential buyers.
9. Current managers are ready to retire and looking for buyers who will maintain a good relationship with the owners.
10. Includes a spacious and fully furnished 2 bedroom manager's apartment with a private patio.
11. Complex information includes 20 units in total, with 19 in the letting pool and 1 manager unit.
12. Agreement module is accommodation with a remaining term of 24 years.
13. Features a pool and spa for guests to enjoy.

Management Rights Multiplier: 4.32
ROI Estimate: 16.73%