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Lifestyle Freedom Meets Smart Investment in the Heart of Benowa
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Permanent Management Rights, BENOWA QLD
Tucked away in a leafy Benowa cul de sac, this standout management rights business delivers the lifestyle balance so many people chase. A larger than average managers residence, reliable income, no set office hours and full autonomy combine to create a rare opportunity for flexibility and freedom. With a supportive Body Corporate and a stable letting pool, it is ideally suited to families, single operators or semi retired professionals wanting dependable returns without full time pressure.
The business services a secure, beautifully maintained gated estate of 59 townhouses, with 28 currently in the letting pool. Its position is exceptional, sitting within walking distance of Benowa State School, St Kevins and Benowa State High School, placing it firmly in one of the Gold Coasts most in demand education catchments. Long term tenants are typically families and healthcare professionals from nearby Pindara Private Hospital, drawn to the areas convenience, safety and quiet community feel. Caretaking requirements are light, allowing for an easy to manage day to day workload.
The spacious managers townhouse is a generous 2 storey, 4 bedroom, 3 bathroom home, roughly double the size of the other properties in the complex. There is no requirement to live onsite, giving the option to either enjoy the home or lease it for around $900 / week. A portion of the ground floor has been professionally converted into a self contained one bedroom granny flat with private access and yard, returning approximately $33,000 / year on a long term tenancy. Even when both living areas are rented, a dedicated office and spare room remain available onsite. Additional income upside exists through repairs, maintenance and green waste services, which are not included in the current net profit.
Located close to Pindara, Benowa Gardens, the Botanical Gardens, Royal Pines and within 10-15 minutes of Broadbeach and Surfers Paradise, this is one of the Coasts most stable, high demand and tightly held suburbs.
More Information
- Total Purchase Price: Contact Agent
- Net Income: $ 224,889
(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