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. Asking price of $870,000 includes a business valued at $445,000 and manager’s apartment valued at $425,000.
2. Reported net profit of $141,971, with an advertised business multiplier of 3.13 times.
3. Annual body corporate remuneration of $52,433, reviewed annually against CPI.
4. Management rights agreements have 21 years remaining within a 25 year accommodation module term.
5. Located 200 metres from Four Mile Beach and within strolling distance of Macrossan Street in sought after Port Douglas.
6. The 4.5 star complex offers two and three bedroom holiday apartments, with 14 of 16 units in the letting pool.
7. Easily maintained grounds and pool support straightforward day to day operation.
8. Manager’s apartment includes two bedrooms, two bathrooms, a spacious private courtyard, one car space and an office on title.
9. Guest amenities include a pool, barbecue area and WiFi.

Management Rights Multiplier: 3.13
ROI Estimate: 16.32%