Proudly supported by all of the industry's leading brokers
A Winner and in The Best Location
$1,385,000
Resort / Holiday management rights, Port Douglas QLD
Stylish boutique holiday apartments located in prime downtown Macrossan Street.
Winner of numerous Certificate of Excellence Awards.
Set-back for peace and tranquillity for guests.
Short stroll to the Marina, beach, and all shops/restaurants.
Elegant 2 bedroom managers apartment.
Easily managed by one person. Good body corporate salary of $47,513 excl GST.
No owners can reside onsite.
Little gardening required by manager and pool maintenance is Body Corporate responsibility.
Income/Expenses pooled for easy administration.
No Residential Obligation - approval for manager to live off site.
Ideal property for an add on or for those leading into retirement.
Call Calvin for full property details.
More Information
- Total Purchase Price: $1,385,000
- Net Income: $ 223,045
(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: 4.0
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?