158 Griffith Road, NEWPORT QLD 4020
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- 26 Jul 2016
200+ Berth Marina with Significant Holding Income & Development Potential
The Newport Marina offers a unique location on the doorstep of Moreton Bay and adjacent to Stockland's Newport development comprising 1640 new lots (approx.) over eight years.
The Newport Marina and associated property includes the mature 200+ berth marina and the adjoining land parcels of 1.47ha and 1,093m². The Marina provides significant holding income for the incoming owner. A single storey marina building of approximately 480m² comprising a Marina Management office and commercial/retail tenancies and a bitumen car park and driveway make up the 1.47ha land parcel.
The Marina provides mono and multi-hull berths ranging in size from 9 to 20 metres and total lineal metres equating to 2,591 metres of Marina.
The Marina is well located and in demand due to the growth in the region. It is situated in close proximity and easily accessible to Moreton Bay. It is a well located and significant piece of infrastructure with potential for income growth from the Marina and development potential of the 1.47ha land parcel.
Newport Marina has existing cash flow with the potential to grow that cash flow as the economy improves, and Brisbane's northern corridor grows.
Newport Marina is for sale by Offers to Purchase.
Please contact the agents for further information.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
158 Griffith Road NEWPORT