OFF MARKET

10/16 Macrossan Street
Port Douglas QLD 4877

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 57m2
Land area: 93m2
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Property Details for 10/16 Macrossan St, Port Douglas

10/16 Macrossan St, Port Douglas is a 2 bedroom, 2 bathroom Unit and was built in 1998. The property has a land size of 93m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1998
Floor Size
57m2
Land Size
93m2
Local Government
Douglas
Lot/Plan
10/SP118437

Last Listing description (July 2021)

This 2 Bed , 2 Bath ground floor dual key apartment in the centrally located Newport On Macrossan boutique resort has direct pool access, super central main street location and most importantly is a great investment property (Nearly 6% net return).

This property has just had a $5000 upgrade with new bathroom cabinets and a refitted kitchen.


This dual key property offers great flexibility enabling it to be let out as a 2 bed 2 bath or a self contained studio and a separate 1 bedroom apartment. Both sides have their own private patio with the larger 1 bedroom side having direct access to the pool and BBQ area. The studio has a huge spa which is always a popular choice with couples.

The property is very quiet and private as it is at the back of the building and protected from street view.

2 Bed 2 Bath
OR Studio and one bedroom both fully self-contained and furnished

Ground Floor so no steps with baggage
2 large enclosed balconies
In the heart of Port Douglas
4 min walk to Four Mile Beach swimming area
Quiet location

This particular property attracts a high occupancy rate given location and position. Current net yield is 5.91% after expenses which has consistent increased over recent years. This should interest the most discerning investor, holiday maker or retiree looking to bolster their self managed super find with high net yield investments. Full income summary available on request.

This investment property also provides the owner with the option for personal use, meaning you also get the benefit of a holiday or two each year in this beautiful part of the world.

Recent price reduction makes this property even more attractive.

Inspection by appointment only. Contact Rosie Wang 0425 345 771 or email: rosie@propertyshopportdouglas.com

Property History for 10/16 Macrossan St, Port Douglas, QLD 4877

A timeline of how this property has performed in the market
Last Sold
$355,000
13 May 2023
  • 13 May 2023
    Sold for $355,000
  • 01 Dec 2017
    Listed for Sale $275,000
  • 23 Oct 1998
    Sold for $240,500

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About Port Douglas 4877

The size of Port Douglas is approximately 9.9 square kilometres. It has 18 parks covering nearly 16.2% of total area. The population of Port Douglas in 2011 was 3,205 people. By 2016 the population was 3,518 showing a population growth of 9.8% in the area during that time. The predominant age group in Port Douglas is 30-39 years. Households in Port Douglas are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Douglas work in a community and personal service occupation. In 2011, 43.1% of the homes in Port Douglas were owner-occupied compared with 48.2% in 2016.

Port Douglas has 5,244 properties. Over the last 5 years, Houses in Port Douglas have seen a 62.76% increase in median value, while Units have seen a 52.16% increase. As at 31 October 2024:

  • The median value for Houses in Port Douglas is $800,052 while the median value for Units is $425,832.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 159 properties listed for sale, and 59 properties listed for rent in Port douglas on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Port douglas.

Suburb Insights for Port Douglas 4877

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.