Newport, Queensland

Waterfront Off The Plan MR on the Redcliffe Peninsula - $338K projected net | Resort Brokers ID : OTP006864

$1,826,637

Property Description

The Lasail Port & Starboard management rights are located in Redcliffe Peninsular’s newest precinct Newport. This business-only permanent management rights comprises of 113 perfectly appointed apartments and 11 townhouses overlooking the swimming pool and Newport Lake



  • Stunning mid-rise development surrounded by landscaped grounds and boardwalks

  • Podium level pool with adjoining BBQ seating area

  • Projected investor profile of 40% and forecasted net profit circa. $338K

  • Beautifully designed apartments - 2 & 3 bedroom designs, as well as 3 bedroom townhouses

  • Body Corporate Salary $168,800 plus GST ($1,361 plus GST per lot)

  • Facilities include lobby with manager's operational area and storage spaces on exclusive use

  • Brand new 25 year agreements

  • Under construction with Stage 1 due Q3 2022

  • Developer will only consider experienced and established management rights operators

  • Option to purchase 3 bedroom, 2 bath, 2 car manager's unit

  • Inspections by appointment only

Date updated: 28 Nov 2021 22:00:07

Property Summary

Business Snapshot

Price: $1,826,637 Net Profit: $338,266 Remuneration / Body Corp Salary: $168,800

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 124Total Units in Letting Pool: 50Holiday Units: 50Owner Occupy Units: 75Agreement Term Remaining: 25 years
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