Woolloongabba, Queensland
The best Caretaking Only in Brisbane - be quick
Under Contract / Offer
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: Under Contract / Offer
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, representing core net profit.
4. Additional residual ancillary income of approximately $5,000 per annum, not factored into sale.
5. Salary review scheduled for November 2026 prior to settlement, offering an imminent uplift to incoming owners.
6. Operated by the original owner since completion, indicating established systems and consistent handover potential.
7. Excellent working relationship with a proactive and supportive Body Corporate Committee, reducing management friction.
8. Managers office/unit is on title, simplifying owner occupancy and operational logistics.
9. Located in Woolloongabba, an inner-city, fast-growing precinct, enhancing long-term asset appeal.
10. Situated within a high-quality permanent residential complex of 88 units, offering a stable income base.
11. Positioned as an attractive acquisition for owner-operators or investors seeking a low-touch, income-generating addition to a portfolio.
12. Sale status listed as under contract / offer, signalling active market interest and limited availability.
