$870,000 INC. MANAGERS APARTMENT

â€â€¹This is a â€â€¹very unique opportunity to acquire the management rights of a well-established holiday apartment complex in the thriving tourist hotspot of Port Douglas. This presents an ideal "sea change" for someone looking to immerse themselves in a successful business within a tropical paradise.
The complex boasts a prime location, just 200 meters from the renowned Four Mile Beach and a leisurely 10-minute stroll to the main street, where a vibrant array of boutiques, restaurants, and cafes await. The property has been consistently well-managed, resulting in excellent occupancy rates and a strong base of satisfied owners.
The complex benefits from very supportive committee members who ensure proactive planning for building maintenance, keeping the property in excellent condition. Recent upgrades include an extended BBQ area with stylish new outdoor furniture, enhancing the relaxing atmosphere for guests.

Included in the sale is a comfortable and spacious two-bedroom, two-bathroom manager's unit featuring a large private courtyard and a separate laundry area with ample linen storage.

Key features of this exceptional opportunity include:

* A consistent financial performer with an excellent Body Corporate salary.
* 14 out of 16 units currently participating in the holiday letting pool.
* A guaranteed Body Corporate salary of $52,433.00 (including GST).
* Amenities include a heated pool, BBQ area, and beautifully maintained gardens.
* A long-term caretaker agreement with 21 years remaining.
* A lovely two-bedroom, two-bathroom manager's apartment with a private outdoor area.
* A large office included â€â€¹on title.
* Solar panels installed on the roof, covering common area electricity and the heated pool.
* Dedicated solar panels for the manager's unit (a $9,000 investment).
* Conveniently located within a 10-minute walk to the main street and an hour's drive to Cairns International Airport.

Financially, the business demonstrates a strong net profit of $141,971 (as of June 30th, 2023).

The asking price for this exceptional opportunity is $870,000, which includes the estimated real estate value of the manager's unit at $425,000.

This is a fantastic chance to secure a profitable business in a highly desirable location.

For more details, please contact Ritsuko Dickinson on 0409 764 127 or send an email to ritsuko@propertyshopportdouglas.