72 Macrossan Street, Port Douglas, QLD, 4877

OPPORTUNITY TO BUY:

. Premium real estate in the golden triangle of Port Douglas

. A resort complex that is freehold

. Two beautiful 3-bedroom Villas on the Esplanade of Port Douglas

. A fully established fully renovated very profitable business

COMPRISING:

. Freehold resort, 72 Macrossan Street, Port Douglas

. Beachfront Villas x 2 , The Esplanade, Port Douglas

. Net profit $1 million per annum

FREEHOLD RESORT:

By the Sea Port Douglas is a beachside boutique resort in the most sought-after holiday location in Port Douglas - in the town centre right by Four Mile Beach. The resort offers 24 different rooms, many of which have views of the Coral Sea.

The resort was purchased in 2009 in a rundown condition. Since then, $1.8 million has been invested in upgrading and renovating the resort to a very high standard, with quality fixtures, furnishing and fittings throughout.

The resort runs at 95% plus occupancy throughout the year, and has excellent good will, consistently awarded 5 stars for service, comfort and location. Total land area 1012sqm.

BEACHFRONT VILLAS:

The owner purchased two Villas that are adjacent to the resort which are currently rented as part of the By the Sea Port Douglas resort business.

Both of these Villas are three-bedroom three bathroom and directly look out over Four Mile Beach with beautiful views as a result. Fully furnished. Internal area : 145sqm each. These villas are strata titled and are part of a small complex of 5 villas.

PROFIT:

The resort (including the Villas in the rental pool) shows a net profit of $1,000,000 p.a., with the resort accounting for $883,000 of this total.

PRICE:

The purchaser of the resort has the FIRST OPTION to purchase the two Villas

. Freehold Resort: $7,750,000

. Beachfront Villas: $1,500,000 each

. Combined: $10,750,000

For further information please contact Alan Crossman 0419 793 434 or alan@propertyshopportdouglas.com

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