Port Douglas, Queensland

3.13X Multiplier - A Great Opportunity in Port Douglas

$870,000

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.

Live the tropical dream and lifestyle at this superb 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 manager's apartment with courtyard and office on title.

Call Calvin today to arrange an inspection.

Business Summary

Business Snapshot

Price: $870,000 Net Profit: $141,971 Remuneration / Body Corp Salary: $52,433Business Value: $445,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

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

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 14Owner Occupy Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Management rights business offered at $870,000, comprising a $445,000 business value and $425,000 manager’s apartment.
2. Reported net profit of $141,971, with $52,433 remuneration or body corporate salary reviewed annually by CPI.
3. Fourteen of 16 complex units are in the letting pool, supporting a concentrated holiday accommodation operation.
4. Port Douglas location is approximately 200 metres from Four Mile Beach and within strolling distance of Macrossan Street.
5. Neat, easily maintained complex includes a pool, BBQ area and WiFi facilities.
6. Manager’s residence provides two bedrooms, two bathrooms, a spacious private courtyard, one car space and an office on title.
7. Accommodation agreement has 21 years remaining from a 25 year term, providing extended operational tenure.
8. The complex comprises 4.5 star two and three bedroom holiday apartments, with pets not permitted.

Management Rights Multiplier: 3.13
ROI Estimate: 16.32%