Colliers International is pleased to present to market this rare and limited opportunity to secure a well-located refurbished and fully tenanted apartment complex, in Port Douglas – for Sale by Formal Offer.

Positioned on Barrier Street in the locale known as ‘Four Mile’; the complex is located less than 300 metres east of Four Mile Beach Park providing direct access onto Four Mile Beach, and approximately 200 meters west of the intersection of Port Douglas Road, the main thoroughfare into the commercial precinct of Port Douglas.

“Port Douglas Boulevard” comprises 12 individually titled residential units, each benefiting from either private courtyards or exclusive use areas and allocated undercover car parking, allocated mail boxes and communal landscaped gardens and a central swimming pool.

All units have recently been recently renovated to a high standard – each being identical in internal layout and; providing two spacious bedrooms with built-in robes, central bathroom and an open plan kitchen/living/dining room with access out onto a private patio (some benefiting from fenced courtyards). They are all fully air-conditioned, have screens and blinds on all windows and feature new kitchens with granite bench tops.

The complex is currently fully tenanted on fixed lease terms ranging in time from 6–12 months. The complex is currently fully tenanted on fixed lease terms ranging in time from 6–12 months, with all twelve units leased fully furnished.

The value of the leases range between $330.00 per week and $340.00 per week, with all lease values being steadily increased as they come available

Key Features:

• Less than 300m to Four Mile Beach
• Recently Refurbished
• Fully tenanted residential complex
• Substantial 3000sqm* freehold

Full ownership of the building offers the opportunity to consolidate and amend the existing body corporate structure to better manage costs or alternatively, the chance to further improve and sell individual tenancies for future upside. Alternatively, for those who seek a more hands on involvement leveraging off the substantial increase in tourism across Far North Queensland, reposition the property with short term accommodation platforms such as Airbnb or onsite management.

All property inspections are to be conducted only in the company of the marketing agent.

Interested parties are invited to contact marketing agent Jay Beattie of Colliers International on 0428 551 062 for a detailed information memorandum on the property.

*approx

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