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Excellent Port Douglas Opportunity
$870,000
Resort / Holiday management rights, Port Douglas QLD
Live the tropical dream and lifestyle at this superb management rights in beautiful sought after Port Douglas.
This well established holiday complex is as neat as pin, in a great location and very easily run.
Located just 200m from the famous Four Mile Beach and a ten minute stroll to the village atmosphere of Macrossan Street.
With easily maintained grounds and pool, this complex has been well cared for with ongoing annual maintenance budgeting in place.
Long agreements, supportive body corporate and an elegant two bedroom/two-bathroom managers apartment with spacious courtyard and office on title.
More Information
- Total Purchase Price: $870,000
- Net Income: $ 141,971
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 425,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.1
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?