Nundah, Queensland
CARETAKING-ONLY MR | New Construction | 20 Outside Managed Rentals Ready to Convert
SOLD
Business Description
CARETAKING ONLY | NEW BUILD | MASSIVE UPSIDE
Ras360 is excited to present this standout opportunity to secure the caretaking-only management rights to Eight on Eton — a premium, recently completed 49-unit building in the heart of Nundah.
Completed in 2024, the complex has been thoughtfully designed for smooth day-to-day operation, offering a reliable Body Corporate salary and excellent growth potential through future letting opportunities.
💰• Body Corporate Salary: $60,568 ex GST
📋• Module: Standard – 9 years remaining
🏢• Total Units: 49 + 1 commercial
🔧• Caretaking Only: No letting pool, caretaking duties only
📈• Growth Pipeline: 20 external rentals already in the building and 8 sales in 2025 alone
⚙️ A Well-Designed Building That Supports Efficient Caretaking
Eight on Eton has been constructed with durability and ease of upkeep in mind.
Key common areas — including lift lobbies and walkways — feature quality tiling that stands up well to daily use and cleans effectively.
📈 Clear Upside Through Letting Growth
With 20 outside-managed rentals, a motivated onsite manager has genuine opportunity to convert owners over time.
Onsite operators consistently outperform external agencies due to stronger relationships and better visibility — a well-known advantage in the management rights industry.
The building is also experiencing high buyer turnover, with 8 resales in 2025 averaging $700,000, bringing new investor owners into the mix.
📍 Nundah – A High-Demand Urban Hub
Nundah continues to attract strong rental interest and ongoing development.
Eight on Eton is well positioned to benefit from this growth, making it appealing for both first-time operators and experienced managers looking to expand their portfolio.
🔑 Key Highlights
• Caretaking Only – secure income without letting obligations
• Standard Module with 9 years remaining
• Quality construction supporting smooth operational routines
• 20 externally managed rentals present strong organic growth potential
• Exclusive-use storage area housing CCTV equipment
• Developer is transitioning at their own pace — a cooperative and clean handover
• Ideal for first-time buyers or existing operators looking for an add-on
Eight on Eton offers a modern, reliable, and well-structured business with significant upside for operators looking to establish themselves in a high-demand location.
**Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $60,568 Remuneration / Body Corp Salary: $60,568
Complex Information
Complex Type: PermanentTotal Units in Complex: 49Outside Agent Units: 20Agreement Term: 10 yearsAgreement Term Remaining: 9 years
Key Investment Insights
1. Caretaking only management rights, providing a secure Body Corporate salary of $60,568 ex GST and no letting obligations.
2. Recently completed in 2024, 49 unit complex plus one commercial space, designed for durable, low-maintenance operation.
3. Standard module with nine years remaining on the agreement, offering multi-year income stability.
4. Twenty externally managed rentals already in the building, representing immediate conversion upside to increase fee income.
5. High resale activity with eight sales in 2025 averaging $700,000, introducing new investor owners likely receptive to onsite management.
6. Quality common area finishes, such as tiled lift lobbies and walkways, support efficient day to day caretaking and cleaning.
7. Exclusive storage area housing CCTV equipment, enhancing security management and asset control.
8. Developer transition is cooperative and gradual, indicating a clean handover and reduced operational disruption.
9. Located in Nundah, a high demand urban hub with ongoing development and strong rental interest, supporting occupancy and future growth.
10. Suitable for first time operators or existing managers seeking an add on, given straightforward caretaking scope and clear growth pipeline.
