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. Off-the-plan caretaking-only management rights priced at $161,000, offering entry at settlement for experienced operators.
2. Secure starting body corporate salary of $40,250 per annum (ex GST), listed as net profit and remuneration, with annual CPI increases.
3. Long-term agreements, 25-year term commencing at settlement, providing long-duration income visibility.
4. Boutique complex of 24 apartments, comprising 23 three-bedroom residences and one one-bedroom unit, targeting higher-end owner-occupiers or long-stay tenants.
5. Prime top-end Moreton Parade location in Kings Beach, Sunshine Coast, with uninterrupted Pacific Ocean views, enhancing prestige and demand.
6. Apartments designed for lifestyle and liveability, featuring generous proportions, high ceilings, expansive balconies, natural light and cross-ventilation.
7. Developer screening for proven management rights professionals only, indicating a quality-focused community and operator selection.
8. Construction by Vantage Building Group, a respected Queensland builder, reducing delivery risk and supporting project credibility.
9. Completion scheduled for early 2026, allowing a clear timeline to handover and commencement of management agreements.
10. Rare market opportunity to secure off-the-plan management rights in a landmark coastal development, combining stable income with a premium residential address.
