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BUSINESS ONLYâ STUNNING WATERFRONT LOCATION WITH STRONG RETURNS! | Resort Brokers ID : MRB008677
$1,350,000
Permanent Management Rights, NEWPORT QLD
We are delighted to present this newly established, highly desirable management rightsbusiness 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 raredont 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 $259,096per 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: 03 Apr 2025 22:00:02
More Information
- Total Purchase Price: $1,350,000
- Net Income: $ 259,096
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours