Exclusive

BUSINESS ONLY – STUNNING WATERFRONT LOCATION WITH STRONG RETURNS!

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
Jeff Keast

Interested? Why not give Jeff Keast a call on 0414 669 007 or