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

Business Snapshot

Price: $2.2M BUS + $150K OFFICE Net Profit: $382,992 Remuneration / Body Corp Salary: $175,705

Managers Unit

Value of Managers Apartment: $150,000Bedrooms: 2Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 143Total Units in Letting Pool: 125Holiday Units: 125Owner Occupy Units: 17Outside Agent Units: 1Agreement Term Remaining: 25 years
Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

High Net profit, Low Maintenance  | Resort Brokers ID : MR007250
ResortBrokers
High Net profit, Low Maintenance | Resort...

PETRIE

$2,419,580

Net Income: $329,238
Managers Estate: $510,000 3 Bed 2 Bath
Letting Pool: 85
Remuneration: $158,880

High net, low maintenance only 5kms from Brisbane CBD, perfect for a team of 2!  | Resort Brokers ID : MR007072
ResortBrokers
High net, low maintenance only 5kms from...

NUNDAH

Under Contract / Offer

Net Income: $288,762
Managers Estate: $729,000 3 Bed 2 Bath
Letting Pool: 49
Remuneration: $122,686

Beautiful Scarborough Management Rights
Motivated Seller Seeking Genuine Offers
667ML - ABSOLUTELY BRILLIANT OPPORTUNITY
New leasehold motel opportunity in Dubbo NSW, with a 25 year lease | Resort Brokers ID : LH007293
Easy Care Permanent Management Rights Labrador
Beautiful North Side Complex
Business For Sale - Permanent Letting in Surfers Paradise - ID 8572 BL
Business For Sale - Easy to Manage Permanent Complex - ID 9059 BL
Royal Hotel, Corowa NSW - 1P0135
Business For Sale - Price Reduced - Kangaroo Point - ID 9004 BL
Mid North Coast Leasehold Motel – Price Reduction
Luxury Boutique Freehold Resort in Broome, western Australia | Resort Brokers ID : FH007284
Motel Traralgon - 1P5548
BIG BUSINESS IN BOOMING REDCLIFFE - NOP OF OVER $300K | Resort Brokers ID : MR007288
Brisbane's best run Management Rights complex with excellent returns | Resort Brokers ID : MR007287
Excellent 20 room motel with great returns and investment opportunity  | Resort Brokers ID : FH007289
1947ML - YOUR OPPORTUNITY TO PROSPER
Truly the Heart of Port Douglas