Health reasons force sale
$1,550,000
Resort / Holiday management rights, Port Douglas QLD
In the heart of Macrossan Street, Port Douglas, prime corner location, with office / reception at picturesque street level.
Health reasons only force the vendors into an early sale.
Delightful property and a pleasure to present to the market. A very special boutique resort.
Very easy stroll to beach, yet surrounded by chic cafes, pubs, boutiques and attractions.
All one-bedroom apartments with similar tasteful furnishings and fittings, also one disabled unit.
Popular property with advantage of walk-in traffic in the low season, good repeat business.
Nicely landscaped, maintained and decorated in keeping with the tropical village theme. Easily maintained.
A very good business and excellent lifestyle.
Great wholesaler agreements.
Manager receives 12% plus an additional 3% management fee.
Good agreements, with a cooperative Body Corporate. No owners permitted to live on site.
Great opportunity here with increased occupancy and room rates in 2023.
Call Calvin today.
More Information
- Total Purchase Price: $1,550,000
- Net Income: $ 300,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?