Key Investment Insights
1. Prime location near Four Mile Beach in Port Douglas, a highly sought after area.
2. Easy to run business with no owner occupiers, no requirement to live on site, and no set office hours.
3. Good body corporate salary and long agreements.
4. Award-winning business with Trip Advisor Awards in 2018 and 2019.
5. Opportunity to live a tropical lifestyle.
6. Sold at a reasonable price.
7. High net profit of $239,028.
8. Remuneration/body corp salary of $46,221.
9. Annual body corp salary review.
10. Spacious ground floor manager's apartment with patio and separate entrance.
11. Complex consists of 18 units, with 15 units in the letting pool.
12. Accommodation agreement module with a remaining term of 22 years.
13. Amenities include a pool, BBQ area, and WIFI.
Management Rights Multiplier: 4.10
ROI Estimate: 24.39%