Palm Beach, Queensland
Rare Dual-Building Supervisory Management Rights – Scale, Stability & No Real Estate Required
$1.090M Supervisory Business Only
Business Description
Comprising 94 permanent residential lots across two premium developments, this portfolio presents a stable and scalable Management Rights business supported by supervisory caretaking agreements designed for operational efficiency. The Body Corporate engages external contractors for cleaning and gardening, significantly reducing wage exposure and day-to-day labour requirements. Under this supervisory structure, the incoming manager’s role centres on governance, committee engagement, letting performance and strategic asset optimisation rather than physical maintenance.
There is genuine upside for an incoming operator, with the opportunity to tender for additional duties that are currently supervised only, providing scope to further enhance income over time. Both buildings are modern, low-maintenance assets with strong owner-occupier representation, supporting stable community dynamics and reduced tenant turnover. Resort-style podium amenities and contemporary finishes continue to attract quality long-term residents, reinforcing the portfolio’s premium positioning and ongoing tenant appeal.
The current management team maintains strong relationships with committees and lot owners, evidenced by recently approved top-ups at an Extraordinary General Meeting with overwhelming stakeholder support.
Operationally, the business benefits from two exclusive-use ground-floor offices—one within each complex—ensuring a professional onsite presence without mandated office hours. Importantly, there is no requirement to purchase real estate, enabling a higher return on invested capital while preserving borrowing capacity for future acquisitions. A small element of multi-ownership exists within one scheme which may require considered review should external finance be sought.
With several apartments currently managed by outside agents, there is clear opportunity to expand the letting pool through proactive relationship management and retention strategies. This represents an ideal acquisition for an experienced operator or as an add-on opportunity for established managers seeking growth and expansion.
Inspections are strictly by appointment only. Contact Syd Douglas on ---------- for further information.
Business Summary
Business Snapshot
Price: $1.090M Supervisory Business Only
Net Profit: $217,680 Remuneration / Body Corp Salary: $110,000
Complex Information
Complex Type: PermanentTotal Units in Complex: 94Total Units in Letting Pool: 29Owner Occupy Units: 58Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Portfolio comprises 94 permanent residential lots across two modern developments, offering scale and diversification across two assets.
2. Supervisory management rights structure, with a 25 year agreement and 25 years remaining, focuses manager duties on governance, committee engagement and letting performance rather than physical maintenance.
3. Net profit reported at $217,680, with remuneration/body corporate salary of $110,000, price $1.090M for supervisory business only.
4. Body Corporate engages external contractors for cleaning and gardening, materially reducing wage exposure and day to day labour requirements.
5. Two exclusive use ground floor offices, one in each complex, provide a professional onsite presence without mandated office hours.
6. No requirement to purchase real estate, enabling higher return on invested capital and preserving borrowing capacity for future acquisitions.
7. Strong owner‑occupier representation, 58 owner occupied units, supports stable community dynamics and reduced tenant turnover.
8. Letting pool of 29 units with seven units currently managed by outside agents, indicating a clear pathway to grow inhouse income through retention and conversion.
9. Modern, low maintenance buildings with resort style podium amenities and contemporary finishes enhance tenant appeal and support long term residency.
10. Genuine upside available by tendering for duties currently supervised only, providing scope to materially increase revenue over time.
11. Strong stakeholder relationships evidenced by recently approved top ups at an Extraordinary General Meeting with overwhelming owner support.
12. Small element of multi ownership in one scheme may require considered review for buyers seeking external finance.
