3.5 MULTIPLIER IN PORT DOUGLAS!!!
Yes, this is a 3.5 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!)
Net Profit: $135,000 Remuneration / Body Corp Salary: $50,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $320,000Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: No
Huge 3 bedroom 2 bathroom apartment.
Complex InformationComplex 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