Port Douglas, Queensland

$690,000

Property Description

A GOOD PLACE TO START IN PORT DOUGLAS PARADISE

Located within walking distance to the Port Douglas village centre and the beautiful Four Mile Beach. The resort is uniquely situated within the local market as one of the few 3 star complexes in a region dominated by 4 - 4.5 stars.

By offering exceptional value for money, the resort is a popular holiday complex with singles, couples, groups and families.

The resorts Holiday Apartments have undergone a transformation in the past few years to bring the complex to the forefront of its class in Port Douglas. Rated a solid 3 stars, The property is ideally positioned to take advantage of the growing number of people looking for comfortable accommodation with exceptional value for money.After listening the evolving requirements of holiday guests, and with owner support, the resorts apartments have been modernized to meet and exceed expectations.

The pressure to complete further works is not immediate or in any way urgent, though opportunity exists to improve appearances and increase facilities to enable the property to stand in even greater stead in comparison to other accommodation. Systems have been installed to ensure the complex runs smoothly, with articulation systems and pool maintenance also being finely tuned to allow the resort to stand out from the crowd.The property will continue to grow in reputation, regionally, nationally and internationally, with marketing which starting to show results.

The newly improved resorts website has already improved the number of direct bookings and has commenced bringing the resort to the notice of previously out of reach international markets.The property managers net return represents an attractive package, given that the complex suits a1-2 person operation with limited or no staff as a viable operating option, while also having room for further improvement and enhancement.

Property Summary

Business Snapshot

Price: $690,000 Net Profit: $119,438 Remuneration / Body Corp Salary: $35,243Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $245,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: Yes
A very Comfortable Apartment with private courtyard which is Fully re-tiled and complete refurbished with new designer kitchen, fully upgraded bathroom and bedrooms.

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 16Holiday Units: 16Owner Occupy Units: 6Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent

Frank Van der Heijden

Marketing Agency

Resort Sales

Resort Sales

Resort Sales

Frank Van der Heijden
Resort Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Port Douglas, Queensland 4877 Exact map location not provided

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