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%