Great Opportunity in Port Douglas

$1,695,000

Resort / Holiday management rights, Port Douglas QLD

Very well presented and highly awarded property with central Port Douglas location.
This top business offers excellent facilities and amenities and is a well-established going concern.
With large, comfortable and affordable suites maintained to a high standard, the property provides for a niche market in this segment of the Port Douglas industry.
Ease of administration with pooled income and the added benefit of short-term zoning - with no owners able to live onsite.
Comfortable managers apartment with office, commercial laundry and kitchen on title, provides further opportunities for an astute manager.
Manager can also live offsite if desired.
Excellent $101,109 salary inclusive of GST - with further business growth potential, make this property very much worth further inquiry and viewing.

More Information

Financial Overview

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: 4.2
_{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.}

Letting Business

Letting Pool: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 22
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 101,109
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 28 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Heated freeform pool and spa, guest laundry, undercover parking, tour desk, WIFI, continental breakfast.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 440,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious 160 sqm two-bedroom, two bathroom apartment with spacious private courtyard. Office and commercial laundry + kitchen on title.