AN EXCELLENT WELL ESTABLISHED AND WELL MANAGED PORT DOUGLAS BUSINESS

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.

Property Details

AUTHORITY:
open
BUILDING TYPE:
ground floor
FEATURES:
Heated Pool with Spa, BBQ Area
PETS ALLOWED?
Yes

Management Rights Information

$1695000

PRICE

305443

Net Profit

ACTUAL

Calc. Type

96295

renumeration

Total Number of Units in Complex: 22
Units in Letting Pool: 22
Units Owner Occupied: 0
Units Let by Outside Agents: 0
Number of Lockup Units: 0
MR Agreement Term: 25
Agreement Term Remaining: 24
Age of Complex: 35

Manager Unit Feature

Office on Title:
Yes
Office Attached to Unit:
Yes

Value of Manager’s Realestate ($AUD):

444000

Bedrooms in Manager’s Unit:

2

Bathrooms in Manager’s Unit:

2
Carspaces with Manager’s Unit:
1

Additional Manager’s Unit Features:

Additional area suitable for extra bedroom or teenagers retreat

Consultant Details

Frank van der Heijden

PHONE:

0407137186

MOBILE:

0407137186

Enquiry Form

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