Port Douglas, Queensland

Perfectly Located, Easy-to-Run Boutique Holiday Complex - 1P5010MR

Management Rights $1,298,000

Property Description

The complex offers a broad range of accommodation for singles, couples and families to holiday in 12 spacious self-contained apartments all having views of either the Coral Coast or tropical gardens. Each unit is extremely spacious, modern and very well appointed, each with a unique character.

Only a stone's throw away from then popular 4 Mile Beach and CBD of Port Douglas, this boutique complex is well supported by domestic tourists travelling from the southern states to enjoy tropical North Queensland.

Units in Letting Pool : 12
Net Profit : $191,000

Manager's Unit : $550,000
Business Price : $748,000
Total Asking Price : $1,298,000

Property Summary

Business Snapshot

Price: Management Rights $1,298,000 Net Profit: $191,000 Remuneration / Body Corp Salary: $36,059Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: HolidayTotal Units in Complex: 13Total Units in Letting Pool: 12Holiday Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & North
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