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Proven Management Rights Business in Prime Benowa Location
$890K MR&$1.01M Unit = Total $1.9M
Permanent Management Rights, BENOWA QLD
Work from Home. Residual Income. No Office Hours. No Stress.
Tucked away in leafy Benowa, this Management Rights business delivers the kind of freedom most only dream ofsteady income, no office hours, and zero micro-management. If you're seeking lifestyle flexibility with financial reliability, this is your golden ticket.
This established, low-maintenance business services 59 townhouses, with 26 in the letting pool and 5 on an external rent rolladding $7K in extra income. Long-term tenants and simple caretaking duties make this a breeze to runideal for a hands-on couple or a savvy semi-retired operator.
The managers residence is a spacious, two-level townhouse featuring 4 bedrooms, 3 bathrooms, and a double garage. Notably, there's no obligation to live on-site. Rent it out for approx. $850/week, or $44,000 annually. Even better, the ground floor has been professionally converted into a self-contained studio with private access, generating ~$33,000 annually (Form 6 in place). Repairs, maintenance, and green waste services offer additional income opportunitiesnot included in the net profit, offering immediate upside.
With 19 years left on the agreements and no requirement to work set hours, this is a lifestyle-centric investment backed by a secure income stream.
Benowa is a tightly held Gold Coast suburb known for its proximity to elite schools, medical precincts, parks, and shopping centres. High rental demand and strong capital growth make this a smart move.
Whether you live on-site or not, this flexible, high-yield business offers a perfect blend of income, lifestyle, and growth.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $890K MR&$1.01M Unit = Total $1.9M
- Net Income: $ 172,205
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours