The perfect mix of investment income and lifestyle property… Fully refurbished, intimately close, high yield, proven history, and all in a premium Port Douglas position.
The returns for the four years preceding the refurbishments which commenced progressively from 2010 averaged in excess of $36,000 per annum as Net Cash in the Bank – YES after all expenses and running costs were paid. The management owners are extremely pro-active in their approach to driving the business. Rental return levels for the calendar year 2014 so far are showing nearly a 30% increase over the same period last year. This high yielding investment is a perfect addition to any S.M.S.F property portfolio. You can claim a flight each year on tax to visit your apartment! It does not get any better than this…
Some quick facts are listed below;
* Gross income for March 2014 increased 39% over the previous year.
* Occupancy for March 2014 was up 25% over previous year.
* The resort is marketed as couples only and the spacious dual key configuration of the unit ensures that the occupancy is extremely high all year around.
* Port Douglas is a proven success when it comes to holiday destinations, you will not find a better location to have a high yielding investment property.
* Only 1 block to the main street of Port Douglas – so close to restaurants and the shops. Less than 250m is the iconic ‘Fourmile’ beach… Perfect.
* Unit 19 is located in the penthouse position – close to the lift with beautiful pool views and five balconies to ensure you can always catch a great breeze.
Fully refurbished… in the last two years this resort has experienced a full make over… even though the resort is only 8 years old the high standards which make Meridian so successful and bring repeat business have caused the owners to ensure that the success will continue for many years by carrying out these improvements… the cost has been paid and you get to reap the benefits.
For further information please contact Callum Jones callum@theagentportdouglas.com
Property Code: 283