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Management Rights
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Picture yourself in Paradise...

$1,835,000

Resort / Holiday management rights, Port Douglas QLD

Trendy very well presented adults only property in top main street corner location - the Golden Triangle of Port Douglas being less than 100m from beautiful Four Mile beach yet with all the restaurants, shops and services on the doorstep as well.
Comfortable, identical one bedroom apartments of contemporary design, very recently refurbished.
Popular Four Star property with location advantage for walk in customers and providing great guest facilities.
Established business with large repeat client base and enjoying excellent occupancies.
New letting owner appointments as of July 2023.
21 years on current Agreements with a further 5 year top-up planned for next year.
Great body Corporate salary of $52,678 exclusive of GST.
Pooled letting system with the bonus of up to 10% monthly levy for refurb & maintenance.
No owners permitted to reside onsite.

Picture yourself within this lovely lifestyle setting and with a top business.

Call Calvin for further information or to arrange an inspection.

More Information

Financial Overview

Total Purchase Price: $1,835,000
Net Income: $ 304,542 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 495,000
_{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.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

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

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 18
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 52,678
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Swimming pool, spa, barbecue area, landscaped gardens, guest laundry, undercover parking, Free Wi-Fi, tour desk, 100m to Four Mile Beach.

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 495,000
_{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: Light and bright two bedroom apartment with private outdoor area plus three exclusive use areas: including Basement storage of 72m.