Carseldine, Queensland

BRISBANE PERMANENT MR $382K NOP – NO UNIT TO BUY, NO REQUIREMENT TO LIVE ON SITE | Resort Brokers ID : MR007173

$2.2M BUS + $150K OFFICE

Property Description

ResortBrokers exclusively presents the Management Rights and associated real estate to ‘Carseldine Gardens’, a well-maintained seniors community located close to all amenities. An ideal opportunity for an owner operator or a passive investor looking for a very safe, stable and secure MR investment.

• Comprises 143 low-set villas in duplex/triplex format.


• 122 of these are currently tenanted, with 20 owner occupiers.


• Caretaking and letting only – NO FOOD, CARE OR ADDITIONAL DUTIES


• Includes a large community room with library, kitchenette and hair salon. Newly constructed bowling green for residents’ use.


• Currently operated under management by a two person team (property manager and maintenance person) working full-time.


• The Body Corporate pays for a full-time gardener to maintain grounds, as well as a bus driver to run the village bus.


• Includes a large freehold office block with reception, back-office, kitchenette, bathroom and storage.


• 41 of the units are owned by the vendor (9 already sold) and have been sold down on an individual basis over a period of time (predominately to investor purchasers).


• The units produce a gross yield circa. 6% - 6.5% at retail price.


• There is an opportunity for the incoming operator to purchase a block of units to cement control within the complex.


• Supportive BC committee with 21 years remaining on the caretaking / letting agreements.


• Significant upside potential through providing additional services to residents, and repair and maintenance work.

All inspections by appointment only

Date updated: 19 Jun 2022 23:00:12

Property Summary