Port Douglas, Queensland

$861,000

Property Description

3.9 MULTIPLIER IN PORT DOUGLAS!!!

Yes, this is a 3.9 Multiplier in Port Douglas!!! A must inspection, first to see will buy.
Superb easy maintained complex in a great position in stunning Port Douglas.
Huge 3 bed 2 bath managers residence priced to meet the market.
Business consists of high demand 3.5 star 2 bedroom apartments with great pool, tennis court and BBQ.
Apartments have been upgraded and with a further push, the growth and potential to improve income here is huge.
5 year top up to Body Corporate agreement to come In October, giving twenty years to run on agreement. Option to let part of manager's residence for extra income (not included in figures!)

Property Summary

Business Snapshot

Price: $861,000 Net Profit: $139,000 Remuneration / Body Corp Salary: $50,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $320,000Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: No
Huge 3 bedroom 2 bathroom apartment.

Complex Information

Complex Type: HolidayTotal Units in Complex: 20Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 1Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Alex Barker-Ré
Calvin Bailey Management Rights

Phone

Listing Tools

Property Map

Map Location ( get directions )

Port Douglas, Queensland 4877 Exact map location not provided

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