Port Douglas Real Estate Investment Opportunity

The pricing of Shantara Resort and Spa apartments reflect their individual aspects, views and features. The pricing of the remaining apartments is -

Type A Apartments (no's 9, 12, 15 and 18) - $775,000 including furniture
Type B Apartment - SOLD OUT
Type C Apartment - SOLD OUT

Download a price schedule

Foreign Investment

The Developer has obtained approval from the Foreign Investment Review Board to sell 14 of the apartments to overseas buyers, The remaining 4 apartments are available for purchase by overseas investors. A letter verifying this approval is available for perusal by all foreign purchasers.

Finance

The Developer, Leesam Pty Ltd, can facilitate introductions to all major Australian financiers who are able to provide finance approvals upon Purchasers meeting appropriate lending criteria.

Key Benefits

Shantara Resort and Spa Port Douglas owners will benefit from both a tax effective investment and an exclusive holiday retreat. Port Douglas is firmly established as a national and international holiday mecca for discerning travellers, and future promotion of the region is assured.

Each year many thousands of visitors come to Port Douglas to refresh, restore and revitalise their lives.

Steady streams of celebrities and other identities enjoy Port Douglas’s special charms and the attractions of the surrounding areas. This has ensured the village becoming a popular destination for visitors. Although on a much smaller scale, Port Douglas has a lot in common with international hot spots like Cannes, St Tropez, Monaco and Gstaad.

These towns built their reputations initially on their popularity with the international celebrities and high profile visitors. Port Douglas has enjoyed this exposure with visitors like former United States President Bill Clinton, rock stars Mick Jagger and Madonna, actors Sylvester Stallone, Arnold Schwarzenegger, Sean Penn, Glenn Close, Nicolas Cage and Matthew McConaughey holidaying in the town.

Port Douglas today undoubtedly has succeeded in carving out a very strong niche for itself in the domestic and international tourist markets.

Owners Privileges

Owners will be entitled to 14 days accommodation free of charge apart from the cost of cleaning the room. For any extended period the owner will be charged at 12% per night of the room’s rack rate plus cleaning expenses.

Anticipated Yield

It is anticipated that high season rates at Shantara Resort and Spa Port Douglas will reflect a nightly rate of $260 for a studio apartment and $330 for the one bedroom apartment. Further financial information is available on request.

Depreciation Report

Rawlinsons Quantity Surveyors have prepared tax depreciation reports and these are available on request. Prospective buyers should note that depreciation deductions and building allowances are applicable to income producing investments.