Proudly supported by all of the industry's leading brokers
Perfect Starter in Tropical Paradise
$1,300,000
Resort / Holiday management rights, Port Douglas QLD
Here is your opportunity to live that home and tropical business dream.
The Port Douglas Outrigger Apartments delivers in terms of profitability, with an excellent ROI - plus standard of living for the manager and ease of management, with all apartments in the holiday letting pool. Manager is not required to live on site.
Port Douglas, as the jewel of the north, is enjoying a good increase in visitor numbers and top occupancies as the holiday market continues to grow.
This is an established business with niche market. A popular property with a large number of return guests.
The Body Corporate on-going maintenance programme gives peace of mind to the manager in terms of the quality of the presentation.
Manager has a good flexibility of room types with all apartments being in the managers holiday rental pool.
This well-presented resort complex is within close distance of all Port Douglas amenities. Guests can walk to the beach, shops, restaurants and the marina.
It is is a charming complex contained within landscaped gardens and an attractive pool area.
Guests facilities include a large heated pool, barbecue area, undercover parking, tour office, chromecast in all apartments, WiFi, and tropical gardens.
Manager has a refurbished, two-bedroom, two- bathroom apartment, with laundry and walk-in storage. Managers office is also on title.
Highly ranked on the review websites, this speaks volumes regarding guest satisfaction.
Call Calvin today for further information or to arrange an inspection.
This is a happy, easily managed property and would be ideal for new entrants to the industry.
The vendors are motivated, and the property is well-priced to meet the market.
More Information
- Total Purchase Price: $1,300,000
- Net Income: $ 270,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 420,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.3
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?