High Netting Resort Port Douglas

High Netting Resort Port Douglas

$3,220,000Under Contract

The property is walking distance to the famous 4 Mile Beach and Macrossan Street. The property boasts 31 apartments with dual key enhancing the letting ability to 59 apartments. The current vendors have worked on the 59 apartments and have perfected the right mix to increase profit for both owners and the business. This long established business is profitable and will suit a variety of investment opportunities. The occupancy is supported by a strong mix of domestic travellers (regionally and interstate) and international/inbound. The property provides varying accommodation options for travellers making it an easy choice when travelling as a couple, family or group.

Key Features

  • 31 apartments with dual key enhancing the letting ability to 59 apartments.
  • Consistent year on year growth
  • Opportunity for further growth
  • Experienced staff to assist with transition
  • Modern living accommodation
  • Long agreements

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004661
Property Type: Management Rights
Region: QLD - Cairns
Suburb: Port Douglas
Sale Type: Management Rights - All
Net Profit: $642,000
Price: $3,220,000

Listing Agent(s)

Agent Feedback

The sale of this property was a particularly lengthy affair, during this time Shane always remained positive & focused towards the end result. His encouragement ensured we also remained positive throughout the entire process. If we intend to buy or sell again we would not hesitate to engage Shane to act on our behalf.

- Brenda Krop COOKTOWN HOTEL

Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers! Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers!

- Shane & Sandra Croghan
Previous Owners,
City Park Gardens

We would like to say a huge thanks to Shane Mullins for his professionalism and effort to finalise the deal for our leasehold purchase. It was a pretty special set of circumstance for our purchase, and we wouldn’t have got past the first base, let alone completed without your involvement. We very much look forward to building the business into a very healthy going concern for you to take back to the market in the next 12-24 months!

- Max Nulley
Purchasers,
Lyndoch Motor Inn