Port Douglas, Queensland

$1,200,000

Property Description

Business For Sale - Well Managed Family Friendly Resort - ID 8533 BL

Well Established Permanent Management Rights with Holiday LettingPort Douglas

- Resort style complex spread over 4.5 acres in a quiet residential location
- Total of 68 lots with 40 in the letting pool
- Predominantly permanent letting with some holiday (29 permanent / 11 holiday)
- Outstanding managers residence of 4 bedrooms with own pool and private grounds
- 20 years remaining on agreements
- Great Body Corporate salary of $104,000
- Well managed, good hours
- A business with upside

This is a well established letting business in an exceptional location, producing excellent and sustainable profit with a very attractive salary. The managers residence makes the perfect family home and the complex is straight forward to manage. High rental demand in the area for both holiday guests and residential tenants alike. This management rights is a must to inspect

Net Profit: $192,610
Asking Price: $1,200,000
(inclusive of managers real estate)

For further information on this Far North Queensland management rights contact Exclusive Agent Geoff Ellis

Property Summary

Business Snapshot

Price: $1,200,000 Net Profit: $192,610 Remuneration / Body Corp Salary: $104,795Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $435,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: MixedTotal Units in Complex: 68Total Units in Letting Pool: 40Holiday Units: 11Permanent Units: 29Owner Occupy Units: 18Outside Agent Units: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesTennis Court: Yes

Marketing Agent


Marketing Agency

MR Sales

Geoff Ellis
MR Sales

Phone

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Property Map

Map Location ( get directions )

Port Douglas, Queensland 4877 Exact map location not provided

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