Kings Beach, Queensland
Rare Caretaking Only on the Sunny Coast
$161,000 - Caretaking Only OTP
Business Description
Perched at the prized top end of Moreton Parade, Ascend Apartments promises to be one of Kings Beach’s most exclusive residential addresses. Designed with lifestyle and liveability in mind, the boutique complex will comprise 23 luxuriously appointed three-bedroom apartments and a single one-bedroom residence. Each home has been cleverly designed to maximise natural light, cross-ventilation, and uninterrupted views of the Pacific Ocean.The apartments feature generous proportions, high ceilings, and expansive balconies, ensuring a seamless flow between indoor and outdoor living. Blending contemporary architecture with the relaxed coastal atmosphere, Ascend offers residents a rare combination of style, space, and ease.
From an operational perspective, brand-new management rights agreements will be in place at settlement, underpinned by a starting body corporate salary of $40,250 per annum (ex GST) with annual CPI increases. With agreements commencing at the outset, this is a secure platform for experienced operators to build long-term value. Importantly, only proven management rights professionals will be considered for this project, reflecting the developer’s commitment to preserving the integrity of the complex and its future community.
Construction is being undertaken by the respected Vantage Building Group, known for delivering high-quality coastal and urban projects throughout Queensland. Completion of Ascend is scheduled for early 2026, with the project already attracting attention from discerning buyers who recognise Kings Beach as one of the Sunshine Coast’s most sought-after destinations.
This is a rare chance to secure an off-the-plan management rights business in a landmark development, offering not only stable income but also the prestige of being associated with a first-class residential address.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $161,000 - Caretaking Only OTP
Net Profit: $40,250 Remuneration / Body Corp Salary: $40,250
Complex Information
Complex Type: Off The PlanTotal Units in Complex: 24Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Prime location: The business is situated in a highly coveted location at the top end of Moreton Parade, offering stunning views of the Pacific Ocean.
2. Exclusive residential address: Ascend Apartments is a boutique complex of only 23 three-bedroom apartments and one single one-bedroom residence, making it a highly sought-after residential address.
3. Modern design and features: The apartments feature contemporary architecture, high ceilings, and expansive balconies, providing a seamless indoor-outdoor living experience.
4. Experienced management rights professionals: The developer is looking for experienced management rights professionals to manage the complex, ensuring the integrity of the complex and its future community.
5. Secure platform for long-term value: The business comes with brand-new management rights agreements in place, providing a stable income with annual CPI increases.
6. Reputable construction company: The construction of Ascend Apartments is being undertaken by Vantage Building Group, known for delivering high-quality projects throughout Queensland.
7. Attracting discerning buyers: The project has already attracted attention from discerning buyers who recognize Kings Beach as one of the Sunshine Coast's most sought-after destinations.
8. Off-the-plan opportunity: This is a rare chance to secure an off-the-plan management rights business in a landmark development, offering not only stable income but also the prestige of being associated with a first-class residential address.
9. Caretaking only: The business is caretaking only, providing a low-stress and low-maintenance option for potential buyers.
10. Specialized business brokers: The business is being sold by Ras360, a specialist in management rights, motels, hotels, pubs, and parks, ensuring a smooth and professional transaction.
