Carseldine, Queensland

North Side Caretaking Only Complex with a managers unit under a million bucks

$295k MR & $640k Unit = Total $935k

Business Description

For sale: management rights at Castlebrook, a peaceful and well-maintained residential complex in Carseldine. This caretaking-only opportunity offers a steady annual net profit of $91,000, with no letting component or license requirements, making it a low-complexity business.

Priced at $295,000 with a 3.2x multiplier, this business presents excellent value. The accompanying manager’s unit, valued at $640,000, features modern amenities and provides a comfortable living space. The total package is available for $935,000, offering both a rewarding business and a desirable residence. With 10 years remaining on a Standard Module agreement, there is long-term stability for the buyer.

Castlebrook enjoys a prime location surrounded by parklands and walking trails, offering a serene lifestyle with proximity to essential amenities such as Aspley Hypermarket and Westfield Chermside. The complex features well-kept gardens, a pool, and a BBQ area, catering to residents who appreciate a quiet, community-focused environment. The majority of villas are owner-occupied, contributing to the overall tranquillity and security of the neighborhood.

This is a rare opportunity to acquire an established business in one of Brisbane’s most attractive areas. Don't miss the chance to secure this lifestyle and investment opportunity—get in touch today to explore how Castlebrook could fit your future

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $295k MR & $640k Unit = Total $935k Net Profit: $90,771 Remuneration / Body Corp Salary: $90,771

Managers Unit

Value of Managers Apartment: $640,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Owner Occupy Units: 55Outside Agent Units: 55Agreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. Caretaking-only opportunity with a steady annual net profit of $91,000.
2. No letting component or license requirements, making it a low-complexity business.
3. Priced at $295,000 with a 3.2x multiplier, offering excellent value.
4. Accompanying manager's unit valued at $640,000, providing a comfortable living space.
5. Total package available for $935,000, offering a rewarding business and desirable residence.
6. Long-term stability with 10 years remaining on a Standard Module agreement.
7. Prime location surrounded by parklands and walking trails, offering a serene lifestyle with proximity to essential amenities.
8. Well-kept gardens, pool, and BBQ area in the complex, catering to residents who appreciate a quiet, community-focused environment.
9. Majority of villas owner-occupied, contributing to the overall tranquillity and security of the neighborhood.
10. Rare opportunity to acquire an established business in one of Brisbane's most attractive areas.
11. Business and lifestyle opportunity with potential for investment.
12. Ras360 - Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.

Management Rights Multiplier: 3.25
ROI Estimate: 30.77%