Perfect Property and Location close to beach in Port Douglas
$1,660,000
Resort / Holiday management rights, Port Douglas QLD
Quality and beautifully presented property in main street location, only 60m from beach.
Minutes stroll to restaurants, cafes and shops.
Tasteful modern 1 bedroom apartments of French design, recent upgrades.
This is a very popular boutique resort with a top location advantage and providing top guest facilities.
It is an established business with a niche market, which does not allow for accommodating children under 16.
The holiday market in Port Douglas is booming, has enjoyed two record seasons, and is set to stay.
No owners are permitted to reside onsite.
This Boutique property is contained within beautifully curated landscaped gardens and outstanding pool area.
Great lifestyle and business.
The current managers are now ready to move on - and it is important to them that the property goes to the right people, who will continue the same good relationship with the owners and to maintain a high guest return rate.
Call Calvin today for further information or to arrange an inspection.
More Information
- Total Purchase Price: $1,660,000
- Net Income: $ 272,495
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 460,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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?