Port Douglas, Queensland

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 managers 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

Alex Barker-Ré

0414 83....

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Neat and well-maintained building in a great location.
2. 4.5 star holiday apartments with 2 and 3 bedrooms, located near Four Mile Beach and Macrossan Street.
3. Opportunity for a tropical lifestyle in sought-after Port Douglas.
4. Easily maintained grounds and pool.
5. Long agreements and elegant 2 bedroom/2 bathroom managers apartment with courtyard and office on title.
6. Price of $870,000 with a net profit of $141,971 and a remuneration/body corp salary of $52,433.
7. Managers apartment valued at $425,000 with 2 bedrooms, 2 bathrooms, and a private courtyard.
8. Complex is a holiday type with 16 units and 14 units in the letting pool.
9. Agreement module is accommodation with a term of 25 years and 21 years remaining.
10. Amenities include a pool, BBQ area, and WIFI.

Management Rights Multiplier: 3.13
ROI Estimate: 16.32%