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North Side Caretaking Only Complex with a managers unit under a million bucks
$295k MR$640k Unit = Total $935k
Permanent Management Rights, CARSELDINE QLD
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 managers 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 Brisbanes most attractive areas. Don't miss the chance to secure this lifestyle and investment opportunityget in touch today to explore how Castlebrook could fit your future
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $295k MR$640k Unit = Total $935k
- Net Income: $ 90,771
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 640,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?