Port Douglas, Queensland
Management Rights $1,298,000
Property Description
Perfectly Located, Easy-to-Run Boutique Holiday Complex - 1P5010MR
The complex offers a broad range of accommodation for singles, couples and families to holiday in 12 spacious self-contained apartments all having views of either the Coral Coast or tropical gardens. Each unit is extremely spacious, modern and very well appointed, each with a unique character.Only a stone's throw away from then popular 4 Mile Beach and CBD of Port Douglas, this boutique complex is well supported by domestic tourists travelling from the southern states to enjoy tropical North Queensland.
Units in Letting Pool : 12
Net Profit : $191,000
Manager's Unit : $550,000
Business Price : $748,000
Total Asking Price : $1,298,000
Property Summary
Business Snapshot
Price: Management Rights $1,298,000 Net Profit: $191,000 Remuneration / Body Corp Salary: $36,059Body corp salary review: CPI AnnuallyManagers Unit
Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: NoComplex Information
Complex Type: HolidayTotal Units in Complex: 13Total Units in Letting Pool: 12Holiday Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesOther Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & North
Listing Tools
This listing last updated: 22nd June 2020
Property Map
Map Location ( get directions )
Port Douglas, Queensland 4877 Exact map location not provided
Similar Properties
MAIN BEACH
Easy to run Management Rights in idyllic...
$1,200,000
Net Income: $135,000
Managers Estate: $600,000 2 Bed 2 Bath
Letting Pool: 50
Remuneration: $113,150
AIRLIE BEACH
Stunning position and a high performing...
$1,295,000
Net Income: $221,387
Managers Estate: $385,000 2 Bed 2 Bath
Letting Pool: 56
Remuneration: $126,062
SOUTHPORT
Business For Sale - Iconic Southport Resort...
$1,340,000
Net Income: $196,000
Managers Estate: $420,000 2 Bed 2 Bath
Letting Pool: 94
Remuneration: $125,000
PARKINSON
Business For Sale - Under Contract - ID...
Under Contract / Offer
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:
BROADBEACH
Business For Sale - COVID-19 Adjusted Short...
$1,349,000
Net Income: $209,000
Managers Estate: $490,000 2 Bed 2 Bath
Letting Pool: 30
Remuneration:
PORT DOUGLAS
New listing and manager wants all offers...
$1,360,000
Net Income: $236,891
Managers Estate: $395,000 2 Bed 2 Bath
Letting Pool: 27
Remuneration: $60,420