543

Management Rights
For Sale

Motels / Hotels
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Caravan Parks
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799

Investment Property
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Exclusive

Crowning Glory of Macrossan Street Port Douglas

$2,650,000

Resort / Holiday management rights, Port Douglas QLD

This beautiful and high permforming property is perfectly located on the quiet end of Macrossan Street, at the start of the restaurant strip and just a short stroll from Four Mile Beach, and the Marina Mirage.
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 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

Financial Overview

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.}

Letting Business

Letting Pool: 29
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 105,570
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Amenities include a solar-heated pool and spa area, extensive water features, BBQ area, and a secure underground carpark. A guests transit lounge with TV/Wifi and tea/coffee facilities, provides a unique advantage to the manager, plus there is a baggage room, staff kitchen, and luggage hoist. Additionally there is a tour desk, and Wi-Fi, plus eight on-site retail shops.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 670,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: On title, is a spacious three-bedroom/two-bathroom managers apartment, with large patio area. Added to this, an impressive office and expansive reception area are provided for the managers exclusive use.