Port Douglas, Queensland

Great Opportunity in Port Douglas

$804,000

Business Description

This building is as neat as pin, in a great location and very easily run.
Delightful 4.5 star 2 and 3 bedroom holiday apartments located 200m from the famous Four Mile Beach and a stroll to the village atmosphere of Macrossan Street.
Two apartments are currently in the permanent pool. These apartments are suitable for long term letting and this could be a short term option during the current situation.
Live the tropical dream and lifestyle at this superb first time offered management rights in beautiful sought after Port Douglas
With easily maintained grounds and pool, this complex ticks all the boxes.
Long agreements, elegant two bedroom/two bathroom managers apartment with courtyard and office on title.
Call Alex now to make an inspection!
First to see will buy.

Business Summary

Business Snapshot

Price: $804,000 Net Profit: $116,000 Remuneration / Body Corp Salary: $38,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $340,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Elegant 2 bedroom 2 bathroom with private courtyard and office on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 13Holiday Units: 11Permanent Units: 2Owner Occupy Units: 2Manager Units: 1Pool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Neat and well-maintained building in a great location in Port Douglas.
2. 4.5 star holiday apartments with a mix of 2 and 3 bedrooms.
3. Only 200m from the famous Four Mile Beach and a short walk to Macrossan Street.
4. Two apartments currently in the permanent pool, providing potential for long term letting.
5. Ideal for those looking to live the tropical dream and lifestyle in Port Douglas.
6. Easily maintained grounds and pool, making it an attractive investment opportunity.
7. Long agreements in place and a well-appointed 2 bedroom/2 bathroom managers apartment with courtyard and office on title.
8. Reasonable remuneration/Body Corp salary of $38,000 with annual CPI reviews.
9. Managers apartment valued at $340,000 and includes 2 bedrooms, 2 bathrooms, and a private courtyard.
10. Complex consists of 16 units, with 13 in the letting pool (11 holiday units, 2 permanent units).
11. On-site amenities include a pool, BBQ area, and WIFI.
12. Suitable for those looking for a first-time management rights opportunity in Port Douglas.
13. Potential for growth and increased profitability in the future.
14. Ideal for those seeking a relaxed and laid-back lifestyle in a popular tourist destination.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%