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Prime Opportunity with Low Multiplier in the Sought After Four Mile Beach Area - ID 9153
$1,660,000
Resort / Holiday management rights, Port Douglas QLD
Effortless Holiday Management Rights for Sale
Impeccably Maintained Compact Property, Offering Exceptional Returns
Seize the opportunity to own the management rights to a highly desirable holiday accommodation complex in the beautiful seaside town of Port Douglas. This boutique complex features 19 spacious, fully self-contained apartments, along with a comfortable two-bedroom manager's unit. Each apartment boasts a private balcony or patio with stunning views of tropical gardens or the sparkling swimming pool.
Key Features:
- Accommodation: The apartments are equipped with modern amenities, including an equipped kitchen, laundry facilities, air conditioning, and complimentary Wi-Fi, providing guests with all the comforts of home.
- Attractive Amenities: Guests can enjoy a range of facilities, such as a refreshing swimming pool, relaxing spa, barbecue area, and free parking.
- Management Rights: 24 years remaining on the agreement, offering long-term stability and income.
- Manager's Salary: $45,765 plus GST annually.
- Property Overview: 20 units in total, including a managers unit, with 19 apartments in the letting pool.
Located just 100 meters from the iconic Four Mile Beach and within easy walking distance to the vibrant town centre, guests have access to a variety of restaurants, cafes, and shops. The property is perfectly positioned for exploring the world-famous Great Barrier Reef, the ancient Daintree Rainforest, and other natural attractions in Far North Queensland.
This management rights opportunity is ideal for those looking to enjoy a profitable business venture while living in one of Australia's most sought-after tropical destinations. These apartments offer comfortable, convenient, and well-appointed accommodations, making them a top choice for travellers visiting Port Douglas.
Dont miss out on this chance to combine a thriving business with an enviable lifestyle in paradise.
Net Profit: $272,000 2022/2023 Accountant Supplied
Asking Price: Business - $1,080,000 & Real Estate - $580,000
More Information
- Total Purchase Price: $1,660,000
- Net Income: $ 272,495
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
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?