This would be one of the best performing businesses available in Port Douglas at the present time.

With a very well placed business which performs exceptionally well, the verified Net income for this business exceeds $175,000 pa. with Accountants figures available,

This is a business that has been well managed, exceptionally well marketed & is well placed to continue it’s growth in todays uncertain market.

One of the first complexes built in Port Douglas after the completion of Christopher Skase’s Sheraton Mirage. The accommodation consists of 1 & 2 Bedroom Fully Self Contained Apartments which have all in the last 3 years undergone modernisation. Located within walking distance to the Port Douglas village centre and the beautiful Four Mile Beach, this complex is uniquely situated within the local market as one of the few 3 star complexes in a region dominated by 4 – 4 stars.

By offering exceptional value for money, it has proven to be a popular holiday complex with singles, couples, groups and families.

Why this Business?

This well presented Holiday Complex has undergone a transformation in the past few years to bring the complex to the forefront of its class in Port Douglas. Rated a solid 3.5 stars by AAA, it is ideally positioned to take advantage of the growing number of people looking for comfortable accommodation with exceptional value for money.

After listening the evolving requirements of holiday guests, and with owner support, the apartments have been modernised to meet and exceed expectations. The pressure to complete further works is not immediate or in any way urgent, though opportunity exists to improve appearances and increase facilities to enable this complex to stand in even greater stead in comparison to other accommodation.

Systems have been installed to ensure the complex runs smoothly, with articulation systems and pool maintenance also being finely tuned to allow the Business to stand out from the crowd. This complex will continue to grow in reputation, regionally, nationally and internationally, with marketing which starting to show results.

The newly improved website has already improved the number of direct bookings and has commenced bringing the business to the notice of previously out of reach international markets.

The Manager’s nett return represents an attractive package, given that the complex suits a 1-2 person operation with limited or no staff as a viable operating option, while also having room for further improvement and enhancement.

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Summary

Body Corporate Salary: $41 306.88 (inc GST, increased yearly in line with CPI)

Module: Accommodation Agreement to run: 23 years

Age of Building: 22 years

Type of Building: Ground level + 1 story walk up

Holiday Pool: 15

Permanents: 4

Outside Agents: 3

Owner Occupier: 1 (plus ma