Benowa, Queensland

Prime Benowa Location. Long Agreements. No Set Office Hours.

$490K MR + $1.1M Unit. Total $1.59M

Business Description

Positioned in the heart of Benowa, this established permanent Management Rights business combines strong recurring income, long-term security, operational flexibility and genuine growth potential.

Under the current management for 12 years, the complex comprises just 49 residences, with 17 currently in the letting pool, five managed by outside agents and 27 owner-occupied. The portfolio is highly manageable and well suited to a single operator or couple, while externally managed apartments provide immediate organic growth potential within the complex.

Offered at $1.59 million, the business delivers a 2025/26 cash net profit of approximately $142,000, underpinned by approximately $92,500 per annum in Body Corporate remuneration. With approximately 23 years remaining on 25-year agreements, purchasers benefit from substantial tenure and stable, contract-backed income.

Importantly, the agreements do not expressly require the Caretaker to reside onsite. While ownership and conditions around being contactable apply, there are no fixed office hours or requirement to remain stationed in an office throughout the day. Duties may also be performed by delegates or employees, providing excellent operational flexibility. This makes the business particularly attractive to an add-on operator, family business or buyers seeking a genuine work-from-home lifestyle.

Benowa provides strong foundations for permanent letting and sales, supported by Pindara Private Hospital, established schools, major retail and commercial precincts, excellent connectivity and an affluent residential catchment. With unit rents around $900 per week and continued demand for quality accommodation, the location complements the business exceptionally well.

For buyers seeking secure income, long agreements, manageable workload, growth potential and lifestyle flexibility, this represents a compelling Gold Coast Management Rights opportunity.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $490K MR + $1.1M Unit. Total $1.59M Net Profit: $142,000 Remuneration / Body Corp Salary: $92,562

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 4Bathrooms: 2Car Spaces: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 49Total Units in Letting Pool: 17Owner Occupy Units: 27Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Syd Douglas

0427973....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established permanent management rights business with approximately $142,000 2025/26 cash net profit.
2. Approximately $92,562 annual Body Corporate remuneration supports recurring, contract backed income.
3. Approximately 23 years remain on 25 year agreements, providing substantial tenure and operational security.
4. Manageable 49 residence complex with 17 apartments currently in the letting pool.
5. Five externally managed apartments provide identified organic growth potential within the complex.
6. No express onsite residence requirement, fixed office hours or requirement to remain stationed in an office.
7. Duties may be performed by delegates or employees, supporting operational flexibility for couples, families or add on operators.
8. Prime Benowa location near Pindara Private Hospital, established schools, major retail and commercial precincts.
9. Managers’ residence included, valued at $1.1 million, with four bedrooms, two bathrooms and four car spaces.
10. Unit rents of approximately $900 weekly support the permanent letting proposition.
11. Portfolio has been under current management for 12 years, demonstrating established operational continuity.

Management Rights Multiplier: 3.45
ROI Estimate: 8.93%