Key Investment Insights
1. Management rights for a beautiful four-star property in a prime Port Douglas location are for sale.
2. The property offers top resort facilities and a variety of accommodation options.
3. The business has a strong body corporate salary and 23 years remaining on the agreements.
4. The manager is not required to work set office hours and can reside offsite.
5. Port Douglas is a highly sought-after destination in Tropical North Queensland.
6. The property is new to the market and has great potential for growth under astute management.
7. Confidentiality conditions apply to the sale.
8. The asking price for the management rights is $3,415,000.
9. The business has a net profit of $621,700.
10. The manager's apartment is valued at $300,000.
11. The complex is a holiday type and offers amenities such as a pool, spa, BBQ area, pay TV, and WIFI.
Management Rights Multiplier: 5.01
ROI Estimate: 19.96%