13/51 Macrossan StreetPort Douglas QLD 4877
Property Details for 13/51 Macrossan St, Port Douglas
13/51 Macrossan St, Port Douglas is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 108m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in September 2016.
Last Listing description (October 2016)
Located on the main stretch of Port Douglas on the quieter end of Macrossan St, this large dual key property in the Regal on Macrossan makes for the ideal hotel for holiday makers of all requirements. This statement is proven by the high net returns the property has received over past years coming in at over 6% for the 2015 - 2016 Financial Year. With the tourism numbers on the rise we do expect to see even better figures over the coming years.
As the property is a Dual Key you have the benefit of having 2 separate streams on income, and also having the ability to use the property whilst having the other room making you money. Owners usage is at 4 weeks per annum as per management agreement.
The apartment or apartments are immaculately presented as is the building which is ran by long standing professional onsite managers. The Regal enjoys many repeat guests each year.
- 1 Studio and a 1 Bedroom Apartment
- Spa in Studio and Jacuzzi in the 1 Bed Apartment
- Quiet outlook over Owen St
- Over 6% Net Return
- Ideal Location equating to High Occupancy
So if you are looking for a 'holiday investment' that also provides you with an income stream, then 13/51 Macrossan St is absolutely worth taking a look at. So give Joel Cuman a call on 0416 840 836 to arrange an inspection today.
Income breakdown available on request. Inspections by appointment.
Property History for 13/51 Macrossan St, Port Douglas, QLD 4877
- 27 Sep 2016Sold for $242,000
- 05 Sep 2016Listed for Sale $249,000
- 19 Feb 2004Sold for $365,000
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0About 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 5,248 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.
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