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

AI generated. Confirm details with the seller.

1. Vendor open to offers from $969,000, comprising business price $249,999 and managers townhouse valued at $720,000.
2. Net profit reported at $129,035, with remuneration/body corporate salary of $96,137, indicating strong cash flow to operators.
3. Bank valuation of $1.05M provides third‑party valuation support above the vendor’s asking price.
4. Managers unit is a four‑bedroom, 2.5‑bathroom townhouse with two car spaces, included in the sale and valued at $720,000.
5. Complex is permanent type with 68 total units, offering scale and stability in resident base.
6. Letting pool comprises 13 units, with 42 owner‑occupied units and 13 units managed by outside agents, implying limited direct letting competition.
7. Management agreement term is 10 years, with the full 10 years remaining, providing long‑term income security.
8. Property presented as low maintenance and easy upkeep, reducing operational overhead and management complexity.
9. First time offered in six years, signalling a rare market opportunity for buyers seeking management rights in the area.
10. Located in Carseldine, Queensland, a suburb noted for convenient amenities, strong schools and parks, supporting consistent demand for accommodation.

Management Rights Multiplier: 1.93
ROI Estimate: 13.32%