Kings Beach, Queensland
Rare Caretaking Only on the Sunny Coast
SOLD
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: SOLD
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. Caretaking only management rights, providing a focused operational role without letting responsibilities.
2. Boutique scale, 24-unit complex comprising 23 three-bedroom apartments and one one-bedroom residence, enabling personalised management.
3. Prime top-end Moreton Parade location in Kings Beach, offering uninterrupted Pacific Ocean views and strong Sunshine Coast appeal.
4. New management rights agreements to commence at settlement, creating an immediate contractual income stream.
5. Starting body corporate salary of $40,250 per annum ex GST, with annual CPI increases, delivering indexed recurring remuneration.
6. Long-term security via a 25-year agreement term with the full term remaining at settlement.
7. Off-the-plan development with practical completion scheduled for early 2026, allowing operators to plan transition and marketing in advance.
8. High-quality construction by Vantage Building Group, enhancing asset credibility and buyer confidence.
9. Premium product attributes including generous proportions, high ceilings, expansive balconies, abundant natural light and cross-ventilation, reinforcing market positioning.
10. Developer stipulation that only proven management rights professionals will be considered, preserving operational standards and resident community integrity.
