Our vendors have enjoyed a wonderful decade with this holiday management rights business in its wonderful tourist location. They have grown the business considerably over that time, upgrading accommodation facilities and service and developing excellent relationships with owners and Body Corporate. And you should see the benefits of very good management in the reviews – ranking 4.9 which is as good as it gets. Accordingly this presents a tremendous opportunity for anyone to step in and make the most of it.
With a nice quiet location, within five minutes walk of Macrossan Street, the beach and the marina, Port Douglas Outrigger has obvious appeal to tourists, be they couples looking for romance or family groups looking for relaxation. Other than the managers’ apartment there are 17 lots in the complex and all are in the letting pool. There is a flexible configuration with 6 x one bedroom apartments and 11 x two bedroom apartments, 2 of which are spacious penthouses for those seeking something special. The complex has well designed landscaping, undercover parking and an attractive area for guests to relax around the pool with a BBQ.
The Body Corporate has recently approved new 25 year agreements through to 2048 and they have in place a maintenance programme to upgrade the buildings and grounds. This all provides an excellent platform for new owners. The complex delivers an excellent profit and the managers apartment, recently renovated throughout, offers very comfortable residential living.
Anyone seeking a business investment that is running very well from day one should be looking at this.
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