Davidson Street, Port Douglas
2 Bed
2 Bath
Land 160m2
$1,615,000
Business. Residence. Lifestyle. Versatile, Thriving Port Douglas Management Rights Business For Sale
Contemplating life in Tropical North Queensland but unsure what you would do? This established, successful and thriving Port Douglas management rights business provides the answer. Business. Residence. Lifestyle. With a flexibility in how the business can be operated that will appeal to you whether you are a intending to be hands-on or more lifestyle focused.
As the Lazy Lizard Motor Inn resident manager, you operate the holiday accommodation business from the office which is on your title.
• $285,000 net income
• Holiday letting pool: all 22 attractive and well maintained accommodation units - 100% participation of all unit owners.
• Body Corporate remuneration: $106,165 p.a., currently, reviewed annually with increases based on CPI or 5%, whichever is greater.
• Agreements: through to September 2046, subject to the agreement provisions.
This complex is special regarding, in particular, the flexible reception requirements, residency permitted within 10 km, and the ability for a purchaser to choose between a more hands-on or more outsourced operating model. The sellers have been enthusiastic operators, as reflected by many glowing reviews, and the award winning property continues to be a popular choice with visitors to Port Douglas.
Not only is there a proven business, but the 2-bedroom manager's apartment is spacious and comfortable. The refurbished, modern kitchen, includes a kitchen island, and lots of bench and cupboard space, and the renovated bathroom has a walk-in shower. Split system airconditioners as well as overhead fans mean you will enjoy tropical living year-round. You benefit from a fenced and private courtyard and tropical gardens. A commercial laundry and multi-use rooms are also on title, as is the motel's reception. The manager also has occupation authorities to a large breezeway storage zone, shower and toilet area, and guest laundry, which adjoin the apartment. The resort has a gorgeous saltwater swimming pool, heated during the relatively cooler winter months, and the property's location is walking distance to Four Mile Beach, Macrossan Street restaurants and shopping, and Marina.
For more information, contact local management rights specialist, Keithea Schaedler.
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