This is a rare chance to secure caretaking-only management rights to Acqua Apartments in the heart of Palm Beach on the Gold Coast. With 20 years remaining on the agreement, no requirement to live onsite, and no real estate to purchase, this opportunity offers incredible flexibility for an experienced operator or someone looking to grow their existing portfolio.
Acqua is a well-maintained residential complex made up of 62 stylish two- and three-bedroom apartments. It's tucked into a peaceful part of Palm Beach but still just minutes from patrolled beaches, cafés and local favourites, making it highly attractive to residents who value lifestyle and location.
The Body Corporate salary is $98,854, supported by a well-documented agreement.
Onsite you'll also find a manager’s office and storage facility included in the Owner’s Agreement, making day-to-day duties straightforward and efficient.
This caretaking-only business is perfect for someone looking for a strong income, great lifestyle, and minimal hassle. You’re not tied to a manager’s unit.
Palm Beach continues to be one of the Gold Coast’s most in-demand suburbs. Locals love it for the relaxed atmosphere, great schools, and growing mix of shops and restaurants. With easy access to Burleigh, Currumbin, and the airport, it’s no surprise properties in this area are so tightly held.
Opportunities like this don’t come up often. Reach out now to find out more or arrange an inspection.
Business Summary
Business Snapshot
Price: $550,000 - Business Only Net Profit: $98,854Remuneration / Body Corp Salary: $98,854
Complex Information
Complex Type: PermanentTotal Units in Complex: 62Owner Occupy Units: 57Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 20 years
1. Rare opportunity to secure caretaking-only management rights to a well-maintained residential complex in Palm Beach, Gold Coast.
2. 20 years remaining on the agreement, providing long-term stability and potential for growth.
3. No requirement to live onsite, offering flexibility for an experienced operator or someone looking to grow their portfolio.
4. No real estate to purchase, reducing initial investment costs.
5. Body Corporate salary of $98,854, supported by a well-documented agreement.
6. Manager's office and storage facility included in the Owner's Agreement, making day-to-day duties straightforward and efficient.
7. Perfect for someone looking for a strong income, great lifestyle, and minimal hassle.
8. Located in one of the Gold Coast's most in-demand suburbs, with easy access to popular beaches, schools, and amenities.
9. Permanent complex with 62 stylish two- and three-bedroom apartments, with a high percentage of owner-occupiers.
10. Outside agent units provide potential for additional income.
11. Agreement term of 25 years, with 20 years remaining.
12. Palm Beach is a highly sought-after area, with properties tightly held.
13. Business only sale for $550,000, providing a great investment opportunity.
