A Class Of It's Own In Port Douglas

Property ID: web23

Authority	open
Building Type	3 Story Walk Up
Features	Above Ground Pool, Airconditioning, Cable TV / Video, Spa in master bedrooms, Connoisseur kitchen, Wireless broadband, Roof top pool and sundeck
Pets Allowed?	No
Reference	23

Management Rights Information

Price	$2.325.000,-
Net Profit	$334,625
Net Profit Calculation Type	Actual
Remuneration	$73,237.00
Total Number of Units in Complex	17
Units in Letting Pool	14
Units Owner Occupied	2
Units Let by Outside Agents	0
Number of Lockup Units	0
MR Agreement Term (years)	25
Agreement Term Remaining (years)	18
Age of Complex (years)	7

Managers Unit Features

Office on Title	No
Office Attached to Unit	No
Value of Manager's Realestate ($AUD)	$650,000.00
Office Hours	9.00 am - 18.00 pm
Bedrooms in Manager's Unit	3
Bathrooms in Manager's Unit	1
Carspaces with Manager's Unit	1
Additional Manager's Unit Features	Spacious mezzanine level office and reception, 5 star rating, roof top pool and guests sundeck.

This most impressive complex comprises 17 absolutely luxury apartments perfectly located in downtown 'Port'. Built in 2002 every apartment in the complex is beautiful and tastefully appointed and sits comfortably amongst the ranks of the leading providers of luxury accommodation in Port Douglas.

Rated 5 stars there are 14 apartments in the manager's letting pool located over three levels and comprise 2 penthouses, 3 three bedroom apartments and 9 two bedroom apartments while the manager's have a delightful three bedroom apartment with a large private balcony on the first floor. The office/reception is a large and modern spacious area located on the mezzanine level of the building facing the main street frontage.

The property is currently under experienced management supported by a substantial market budget paying for the services of a professional marketing company to selling the complex across a broad spectrum of market areas.

Interesting Note

Just short of cash to acquire this dream management rights property? Cairns Port Douglas Resort Sales has the contacts and relationships with potential investors who are interested in becoming a silent partner.