69-71 Davidson Street Port Douglas QLD 4877

This is a great opportunity for someone who is looking for a sea change and to be part of this thriving Port Douglas business in Tropical Paradise.

This is a well established Holiday Apartment complex, and is located very close to Four Mile Beach (200m) and only 10 minutes walk to the main street where all the boutiques, restaurants and cafes are located. Having been well managed in the past it achieved excellent occupancy, and a loyal pool of happy owners.

The Manager's unit included in the sale, offers 2 bedrooms + 2 bathrooms and a very spacious private courtyard. There is a separate laundry area with linen cupboard.
Very supportive committee members, the budget for maintenance of buildings have been planned every year in order to keep the complex very presentable condition.

OVERVIEW:
- Consistent Performer with Excellent Body Corporate Salary
- 14 out of 16 units in the holiday letting pool (One owner occupied and one is the manager's unit)
- Guaranteed Body Corporate salary of $40,411p.a. (current)
- Heated pool and BBQ area and beautifully maintained surrounding gardens
- 21 years remaining on care taker's agreements
- Lovely two bedroom, two bathroom apartment with outdoor area for manager's residence
- Large office on title
- Solar Panels on roof, covers common electricity and heated pool
- Solar Panels for the Manager's unit ($9,000 paid for)
- 10 minutes walk to the main street and an one hour drive to Cairns International Airport

Net Profit: $141,971
Asking Price: $870,000
(Inclusive of manager's real estate estimated value at $400,000)

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