Port Douglas, Queensland
Location Location Location
SOLD
Business Description
Situated seconds from stunning Four Mile Beach in exclusive Port Douglas, this superb easily run complex is in the sought after “Golden Triangle” of the seaside village of Port Douglas.With no owner occupiers, no requirement to live on site and no set office hours, you can set up this business to suit your lifestyle.
Good body corporate salary and long agreements, this will tick so many boxes.
Trip Advisor Awards 2018 and 2019.
This really is the chance of a lifetime to realise your dream of a tropical life.
Call or email Alex today.
Business Summary
Business Snapshot
Price: SOLD Net Profit: $239,028 Remuneration / Body Corp Salary: $46,221Body corp salary review: CPI AnnuallyManagers Unit
Value of Managers Apartment: $320,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: NoSpacious ground floor 85m2 two bedroom manager's apartment with patio. Adjoins office and has separate entrance.
Complex Information
Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 15Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesWIFI: YesMarketing Agent
Alex Barker-Ré
Calvin Bailey Management Rights
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: 18.39%
Listing location
Gallery
This Business is sold
Listing Tools
Last update: 11th May 2023
