Carseldine, Queensland

Beautiful North Side Complex - URGENT SALE

SOLD

Business Description

Prime Management Rights Opportunity in Carseldine
Vendor will accept offers from $969,000

Fantastic complex being offered for the first time in six years—a must-see for any savvy investor. Bank vauation at $1.05M. This property features a beautiful townhouse with 4 bedrooms, 2.5 bathrooms, and a multipurpose room.

- Business Price: $249,999
- Town House Price: $720,000
- Total Price: offers from $969,000
- Income: $129,035

The complex is designed for easy upkeep and low maintenance, making it an attractive option for investors looking for efficiency.

Situated in Carseldine, a vibrant suburb in Queensland known for its convenient amenities, excellent schools, and beautiful parks, this complex benefits from a prime location that attracts consistent demand.

Don’t miss this golden opportunity! Please contact us to arrange an inspection.

**Ras 360 Property Solutions - Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: SOLD Net Profit: $129,035 Remuneration / Body Corp Salary: $96,137

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 4Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 13Owner Occupy Units: 42Outside Agent Units: 13Agreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent

Robert Collins

0404 67....

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

1. Vendor open to offers from $969,000, with business price $249,999 and townhouse value $720,000, bank valuation $1.05M.
2. Reported net profit/income $129,035, with manager remuneration/body corporate salary $96,137.
3. Managers unit is high-value, 4 bedrooms, 2 bathrooms, 2 car spaces, valued at $720,000.
4. Complex is permanent type, 68 total units, with 13 units in the letting pool.
5. Owner-occupy units number 42, indicating stable owner presence and lower transient turnover.
6. 13 units managed by outside agents, suggesting clear scope to increase letting pool and management income.
7. Agreement term 10 years, with 10 years remaining, providing long-term revenue stability.
8. Low-maintenance, easy-upkeep complex, reducing operational cost and management workload.
9. Located in Carseldine, Queensland, offering convenient amenities, strong schools and parks, supporting consistent demand.
10. Being offered for sale for the first time in six years, indicating rarity and potential buyer interest.
11. Listing flagged as urgent sale, potentially enabling negotiation leverage for a motivated buyer.
12. Business snapshot shows price status as SOLD, which may indicate recent transaction activity or market interest.

Management Rights Multiplier: 1.93
ROI Estimate: 51.82%