SOLD
Sold on 17 May 2024 for $6,000,000

72 Macrossan Street
Port Douglas QLD 4877

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1012m2
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Property Details for 72 Macrossan St, Port Douglas

Building Type
Commercial
Land Size
1012m2
Local Government
Douglas
Lot/Plan
512/PTD2092

Last Listing description (October 2024)

OPPORTUNITY TO BUY:

. Premium real estate in the golden triangle of Port Douglas
. A holiday resort complex that is on freehold title

. A fully established business operating a very profitable business

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 by the current owner. Since then over $2.0M 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. Significently, repeat guests account for arould 60% of all bookings.

PROFIT:

The resort shows a net profit of around $800,000 p.a.

PRICE:

$7,350,000. Includes land, improvements & business.

To view the BY THE SEA PORT DOUGLAS website click on/go to below:

https://bytheseaportdouglas.com.au/

For further information, income & expenses etc, please contact Alan Crossman 0419 793 434 or alan@propertyshopportdouglas.com

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Property History for 72 Macrossan St, Port Douglas, QLD 4877

A timeline of how this property has performed in the market
Last Sold
$6,000,000
17 May 2024
  • 17 May 2024
    Sold for $6,000,000
  • 20 Oct 2023
    Listed for Sale SOLD
  • 20 Oct 2023
    Listed for Rent $8,500,000 / year
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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 5,242 properties. Over the last 5 years, Houses in Port Douglas have seen a 64.21% increase in median value, while Units have seen a 59.94% increase. As at 30 September 2024:

  • The median value for Houses in Port Douglas is $628,802 while the median value for Units is $433,795.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 150 properties listed for sale, and 62 properties listed for rent in Port douglas on OnTheHouse. According to CoreLogic's data, 286 properties were sold in the past 12 months in Port douglas.

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