Proudly supported by all of the industry's leading brokers
Proven Management Rights Business in Prime Benowa Location
$889K MR$1.01M Unit = Total $1.89M
Permanent Management Rights, BENOWA QLD
Tucked away in the leafy heart of Benowa, this management rights business offers the kind of freedom most people only dream aboutsteady income, no fixed office hours, and complete autonomy. If you're chasing lifestyle flexibility with dependable returns, this is your golden opportunity.
Servicing a complex of 59 townhouses, the business includes 26 properties in the letting pool plus 5 on an external rent rolladding approximately $7,000 in extra income. Long-term tenants and light caretaking duties make this an easy operation, ideally suited to a hands-on couple or a savvy semi-retired operator looking to stay active without being tied down.
The managers unit is a spacious, two-storey townhouse featuring 4 bedrooms, 3 bathrooms, and a double garage. Importantly, theres no requirement to live on-site, giving you the option to rent it out for around $850 per weekor $44,000 annually. On top of that, the ground floor has been professionally converted into a self-contained studio with private access, generating approximately $33,000 per year under a Form 6. Additional income is also available through repair, maintenance, and green waste services, which are not included in the current net profitoffering immediate upside.
With 19 years remaining on the agreements and no mandated office hours, this is a secure, lifestyle-focused business with genuine earning potential.
Benowa is a sought-after Gold Coast suburb known for its proximity to elite schools, medical hubs, parks, and major retail centres. High rental demand and strong capital growth add to the investment appeal.
Whether you choose to live onsite or lease it out, this flexible and high-yielding business strikes the perfect balance between income, lifestyle, and long-term growth.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $889K MR$1.01M Unit = Total $1.89M
- 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