Nundah, Queensland
CARETAKING-ONLY MR | New Construction | 20 Outside Managed Rentals Ready to Convert
Under Contract / Offer
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: Under Contract / Offer
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 role generating a Body Corporate salary / net profit of $60,568 ex GST, providing secured recurring income without letting obligations.
2. Standard module management agreement, 10-year term with 9 years remaining, offering long-term contractual security.
3. Recently completed in 2024, 49-unit complex plus one commercial space, indicating modern construction and low immediate capital upgrade needs.
4. Building designed for efficient operations, with durable, easy-to-clean tiling in lift lobbies and walkways, supporting smooth day-to-day caretaking.
5. 20 externally managed rental units onsite create a clear organic pipeline for converting owners to the onsite manager, providing substantial upside.
6. High owner turnover with eight resales in 2025 averaging $700,000, introducing new investor owners who are potential letting conversions.
7. Located in Nundah, a high-demand urban hub with ongoing development, enhancing rental demand and future growth prospects.
8. Exclusive-use storage area housing CCTV equipment, indicating dedicated infrastructure and enhanced security/operational control.
9. Developer transitioning at their own pace, described as cooperative and clean, reducing handover risk for incoming caretaking manager.
10. Positioned as suitable for first-time operators or existing managers seeking an add-on, reflecting accessibility and scale appropriate for growth.
