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Sold

Port Douglas Cash Cow ready for Milking...

This property is owned by the original developers and is a truly unique offering. It consists of;

1. A 3 bedroom, 2 bathroom dual key apartment on the top floor rented through resort
2. The Resorts Day Spa on title - a lease agreement in place with day spa operator

Exceptional Nett rental returns with talented & experienced onsite managers in place. True Nett Returns for the last 12 months to June 2013 were $50,511.74 - this after Body Corp. fees and after Council rates have been deducted. (8%+ true net return on the purchase price of $600,000). This includes a minimal rental of the day spa area at $227.27 per week excluding GST.

Unit 28 is well located and has lift access at the front door down to all levels including the secure underground car parking. The outlook is directly over the southern pool and it is fully furnished. The resort is highly successful in regards to occupancy and room rates and this is evident in the returns.

Having a commercial aspect to the property is very interesting and has the potential to capitalize further on the income and adds another exciting dimension to the investment.

The resort is within easy walking distance to the village centre being less than two blocks to both the main street and the beach. This resort was one of the most recent additions to the town and being less than 5 years old it is in as-new condition.

Unit 28 is offered exclusively for sale at the very attractive price of $600,000 - showing 8%+ Net Return.

Contact Callum Jones for your detailed report and to book your inspection on 0437 981 195 or callum@theagentportdouglas.com

Features

in-Ground Pool Balcony Smoke Alarms Safety Switch
3 2 1
Address 28, 27 Davidson Street St, Port Douglas
Price SOLD
Property Type Residential
Property ID 150
Category Unit

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Agent Details

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Callum Jones

0437 981 195
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What our clients say

It was great working with Che on the purchase of a house. He is very genuine and also has a lot of insight into the market. He communicates extremely well and is happy to work with his clients in any way...

Ally

Che is an excellent agent. He has good knowledge of the area, and the local real estate market. When asked questions he readily provided answers, and had a detailed knowledge of the resort we were proposing...

Marg M

I must say I’m very impressed with Che. He was patient, thorough, honest and a pleasure to deal with.  

Mark S

"I would like to thank Pink Real Estate for managing my rental property for the past three years. The team at Pink are professional, friendly and have always been a pleasure to deal with.  Being my...

Tracey Blain

We chose Pink Real Estate to sell our home after we have met with multiple real estate agents in Port Douglas. Callum and his team immediately appealed to us because of his confident and professional approach...

Bruno & Michela