Newport, Queensland
BUSINESS ONLY – STUNNING WATERFRONT LOCATION WITH STRONG RETURNS! | Resort Brokers ID : MRB008677
$1,350,000
Business Description
We are delighted to present this newly established, highly desirable management rights “business only” opportunity overlooking the stunning Newport Lake. This rare offering features a modern, high-quality residential development in a serene coastal setting!
With a total of 124 lots, including 19 in the onsite letting pool, this business comprises a mix of poolside villas, townhouses, and apartments. The absence of set office hours ensures complete flexibility, while no real estate purchase or onsite living requirement, providing both an exceptional lifestyle and a lucrative investment opportunity.
Currently run under management by one part-time property manager who oversees the rentals, contract cleaners, and gardeners, this business is very easy to operate. The incoming operator has the option to retain the property manager if desired, offering continued support and flexibility. The choice is yours!
This thriving business is ideal for experienced operators or a first timer looking for a rewarding venture in an idyllic waterfront location.
Opportunities like this are rare—don’t miss your chance to secure a profitable, flexible business in one of the most sought-after waterfront locations.
Call now to arrange an inspection!
High net profit of $259,096 per annum
Secure Body Corporate Salary of $184,284 per annum (71% of total income)
No office hours – no real estate purchase – no requirement to live onsite
23 years remaining on accommodation module agreements
Option to retain existing property manager for ongoing or short-term support
Spacious 38sqm office and 16sqm storage under Occupational Authority
Future upside with potential switchover to investor-led apartments
Breathtaking water views, with some private marina berths
Podium-level swimming pools, landscaped gardens, and outdoor seating
Just 350m from the Marketplace shopping precinct, supermarkets, key retailers, a gym, and cafes
Date updated: 20 Apr 2025 23:00:06
Business Summary
Business Snapshot
Price: $1,350,000
Net Profit: $259,096 Remuneration / Body Corp Salary: $184,284
Managers Unit
Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 124Total Units in Letting Pool: 19Owner Occupy Units: 101Outside Agent Units: 4Agreement Term Remaining: 22 years