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.

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. Advertised at a 3.13X multiplier, with $141,971 net profit and $52,433 remuneration or body corporate salary.
2. Long accommodation agreement has 21 years remaining, supporting operational continuity for the incoming manager.
3. Prime Port Douglas location, approximately 200 metres from Four Mile Beach and within walking distance of Macrossan Street.
4. The 16 unit holiday complex includes 14 units in the letting pool, supporting an established management operation.
5. Elegant two bedroom, two bathroom manager’s apartment includes a spacious private courtyard, one car space and office on title.
6. Easily maintained grounds, pool, BBQ area and WiFi provide established infrastructure for holiday apartment operations.
7. The complex comprises 4.5 star two and three bedroom holiday apartments in a sought after Port Douglas setting.
8. The business is described as very easily run, with one owner occupied unit and one manager’s unit.

Management Rights Multiplier: 3.13
ROI Estimate: 16.32%