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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
- 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.
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?