Davidson Street, Port Douglas
2 Bed
2 Bath
Land 160m2
$1,615,000
Business. Residence. Lifestyle. Versatile, Thriving Port Douglas Management Rights Business For Sale
Contemplating living in Tropical North Queensland but unsure what you would do? This established, award-winning Port Douglas management rights business provides the answer. Business. Residence. Lifestyle. With a flexibility in how the business can be operated that will appeal to you whether you intend to be hands-on or more lifestyle focused.
As the Lazy Lizard Motor Inn resident manager, you operate the holiday accommodation business from the office which is on your title.
• $285,000 net income
• Holiday letting pool: all 22 attractive and well maintained accommodation units - 100% participation of all unit owners.
• Body Corporate remuneration: $106,165 p.a., currently, reviewed annually with increases based on CPI or 5%, whichever is greater.
• Agreements: through to September 2046, subject to the agreement provisions.
This complex offers some very unique advantages, such as the flexible reception hours, no requirement to live on the property, as long as you are resident within 10 km, and the possibility to choose between being hands-on in terms of tasks, or follow a more outsourced operating model. The sellers have been enthusiastic operators, as reflected by many glowing reviews, and Lazy Lizard Motor Inn continues to be a popular choice with visitors to Port Douglas, and be rewarded with awards.
As for the 2-bedroom manager's apartment, it is particularly spacious and comfortable. The refurbished, modern kitchen, includes a kitchen island, and lots of bench and cupboard space, and the renovated bathroom has a walk-in shower. Split system airconditioners as well as overhead fans mean you will enjoy tropical living year-round. You benefit from a fenced and private courtyard and tropical gardens. A commercial laundry and multi-use rooms are also on title, as is the motel's reception. The manager also has occupation authorities to a large breezeway storage zone, shower and toilet area, and guest laundry, which adjoin the apartment.
The resort has a gorgeous saltwater swimming pool, heated during the relatively cooler winter months, and the property's location is walking distance to Four Mile Beach, Macrossan Street restaurants and shopping, and Marina.
Listed at $1,615,000, the price comprises the business at $990,000, and the realty portion at $625,000. For more information, contact local management rights specialist, Keithea Schaedler.
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