Port Douglas, Queensland

Business For Sale - Prestige Port Douglas Management Rights - ID 8989 BL

$1,395,000

Property Description

- North Queensland Management Rights For Sale
- Consistent Performer - Excellent Body Corporate Salary
- 31 of 53 apartments in the letting pool, opportunity to increase the letting pool
- Guaranteed Body Corporate salary of $109,225
- Mixed letting management rights with main focus on long term rentals
- Exclusive use stand alone reception building with reasonable office hours
- Supportive Body Corporate committee and owners
- 20 years remaining on Accommodation Module agreements
- Extensively refurbished recently, and ready to reap the rewards of letting
- Resort style facilities
- Expansive 4 bedroom manager's residence

Minutes from all shopping, medical services and 45 minutes drive to International Airport
Ideal opportunity for an active couple to grow the letting pool and take the complex to it's next stage of development.

The location is perfect with the additional bonus of a very rare 4 bedroom manager's residence which is expansive and comfortable.

Net Profit: $225,000
Asking Price: $1,395,000
(Inclusive of manager's real estate priced at $415,000)

For further information or to arrange an inspection of this North Queensland management rights opportunity contact:

Management Rights Broker
Antonio Curulli

Property Summary

Business Snapshot

Price: $1,395,000 Net Profit: $225,000 Remuneration / Body Corp Salary: $109,224Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $415,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: Exclusive Use
The manager's residence is large, Offering 4 bedrooms, 2 bathrooms, Allocated car parking

Complex Information

Complex Type: MixedTotal Units in Complex: 53Total Units in Letting Pool: 31Holiday Units: 8Permanent Units: 23Owner Occupy Units: 10Outside Agent Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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