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An excellent well established and well managed Port Douglas business
$ 1,695,000,-
Resort / Holiday management rights, Port Douglas qld
THIS IS WHAT MANAGEMENT RIGHTS SHOULD BE
This business Is servicing the Tourist, Corporate, family and drive-in market with a reliable and consistent Net Profit of over 300K with brand new agreements expiring 2047.
There is no restriction to live onsite. all units in the pool and there is a pooled income system
The entire property is immaculate maintained with 22 motel style, one and two bedroom apartments and a spacious attractive two bedroom Managers apartment with additional area to make an extra bedroom
The complex is set on a flat easy to manage site where, on arrival there is a port-cochere entry beside the office and an all weather covered walkway to the apartments. Guests enjoy the delightful free form heated saltwater swimming pool, spa , barbeque and entertainment area.
The Apartments,
which are very modern and style full decorated are serviced daily, they are comfortable and spacious with well appointed kitchenettes and plenty of room to spread out. All apartments are air conditioned with ceiling fans, queen and single beds and television
Managers Apartment
The Managers 2 bedroom apartment has a private courtyard which is accessed by large sliding doors off the living room and master bedroom. The high ceilings increase the tropical comfort and ambiance of the apartment.
Office & Additional Facilities
The large fully fitted out office provides ample opportunity to service guests. There is also a separate commercial laundry on the Managers title.
More Information
- Total Purchase Price: $ 1,695,000,-
- Net Income: $ 300,235
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 440,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?