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Dual Key Goldmine in the Heart of Port Douglas, High Net, Long Agreements and Proven Performer
$2,650,000
Resort / Holiday management rights, Port Douglas QLD
In the heart of one of Australias most celebrated tropical destinations lies a management rights opportunity that truly stands apart.
This offering combines the elements buyers seek but rarely find together, a premium location, strong financial performance, long agreements and a boutique property with undeniable visual appeal.
Set among swaying palms and tropical architecture, this property captures the essence of what visitors seek when they travel to Far North Queensland. Located at the gateway to Macrossan Streets celebrated dining and boutique shopping precinct, the resort enjoys a privileged position, vibrant yet peaceful, central yet secluded. Guests can wander to Four Mile Beach, the marina or the Sunday markets within minutes, before returning to the calm oasis of the resort.
Rarely do properties of this calibre come along.
An impressive, office and expansive reception area are for the managers exclusive use. Added to this, on title, is a spacious three-bedroom/two-bathroom managers apartment with large patio area.
Configuration is: 30 dual key apartments comprising 13 x 1 bedroom and 17 x 2 bedroom apartments - 47 keys. 29 dual key apartments are in the manager's holiday letting pool. Just two lock ups, no outside agents, no resident owners.
The resorts lush landscaping, inviting pool area and distinctive tropical style give the complex a strong aesthetic presence that consistently attracts holidaymakers seeking the quintessential Port Douglas experience.
Many factors combine to make this one of the most desirable properties in Port Douglas.
From an investment perspective, the business delivers a compelling performance:
Net Profit: $430,664
Body Corporate Salary: $105,570 + GST
Agreements: Accommodation Module with 23 years remaining
The manager is provided with good storage on each level, allowing for ease of operation, along with the utilisation of housekeepers.
A top net profit, healthy ROI, and body corporate salary, make this one of the most desirable properties in Port Douglas.
Confidentiality conditions apply.
More Information
- Total Purchase Price: $2,650,000
- Net Income: $ 430,664
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 670,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.6
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?