Woolloongabba, Queensland
The best Caretaking Only in Brisbane - be quick
$575,000
Business Description
The Carl Residences presents an outstanding opportunity to secure a modern, caretaking-only management rights business in one of Brisbane's fastest-growing inner-city precincts. With approximately 23 years remaining on the agreements, this is a genuine long-term business offering secure income, minimal operational complexity and significant future upside.
The business generates a current Body Corporate remuneration of $97,438 per annum, with a further salary review due in November 2026 prior to settlement, providing an immediate uplift to incoming owners. In addition, the business receives approximately $5,000 per annum in residual ancillary income, which has not been factored into the sale, presenting a welcome bonus from day one.
Having been operated by the original owner since completion, this is a genuine sale with well-established systems and an excellent working relationship with a proactive and supportive Body Corporate Committee. The role is focused solely on caretaking duties, making it an attractive opportunity for those seeking predictable income without the demands of a letting business.
Positioned within a high-quality residential complex in the heart of Woolloongabba, The Carl Residences offers long-term security, strong committee support and an exceptional foundation for owner-operators or those looking to add a stable caretaking business to their portfolio. Opportunities of this calibre, with lengthy agreements and built-in income growth, are becoming increasingly difficult to secure.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $575,000
Net Profit: $97,438 Remuneration / Body Corp Salary: $97,438
Managers Unit
Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 88Agreement Term Remaining: 23 years
Key Investment Insights
1. 23 years remaining on agreements, providing long-term contractual security and predictable income.
2. Caretaking-only role, minimal operational complexity and no letting responsibilities.
3. Current Body Corporate remuneration of $97,438 per annum, which is presented as net profit.
4. Salary review scheduled for November 2026 prior to settlement, offering an imminent uplift to incoming owners.
5. Approximately $5,000 per annum in residual ancillary income, not included in the sale valuation, representing immediate additional cashflow.
6. Sale price $575,000, implying a clear valuation metric relative to current remuneration.
7. Managers office is on title, securing on-site accommodation/office rights for the manager.
8. Complex consists of 88 units, indicating scale sufficient to support stable remuneration.
9. Located in Woolloongabba, a fast-growing inner-city Brisbane precinct, enhancing location appeal and future upside.
10. Business run by the original owner since completion, indicating well-established systems and institutional knowledge.
11. Strong, proactive and supportive Body Corporate Committee, reducing operational friction and risk.
12. Positioned as an attractive acquisition for owner-operators or investors seeking a low-maintenance, income-generating management rights asset with built-in income growth.
