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Perfect Sea Change and Business
$1,740,000
Resort / Holiday management rights, Port Douglas QLD
Steps from the iconic Four Mile Beach, Port Douglas, this niche market, beautiful property is the perfect fit for discerning couples or singles seeking a prosperous sea change.
This well-performing, easy-to-run business is a rare offering to the market. All identical apartments are in the holiday letting pool.
Multiplier is just 3.8X and the ROI on the business is 26%.
The configuration is designed for ease of operation all apartments are identical two-bedroom, two-bathroom units.
The gardens, common areas, and swimming pool are designed for ease of maintenance.
The manager has a spacious two bedroom, two bathroom apartment with two separate undercover balconies and an accessible front fenced yard.
This is a well-built and maintained complex, and a turn-key operation.
The three-night minimum stay adds to the ease of operation, especially in terms of cleaning and maintenance requirements.
In an outstanding and sheltered location, directly opposite the new water park and only 100 metres from the white sands and palm trees of the renowned Four Mile Beach.
Guests are welcomed into the expansive, tropical reception/foyer.
Amenities include a beautiful pool area and tropical gardens with barbecue and guest convenience facilities.
The high-quality, self-catering apartments are perfectly equipped for couples, friends, and families.
All this is within easy walking distance to Port Douglas restaurants, bars, cafes, and shops on Macrossan Street.
Call Alex Stagg today on 710.
More Information
- Total Purchase Price: $1,740,000
- Net Income: $ 285,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?