BALANCE OF RESIDENTIAL STOCK (32 UNITS) + MANAGEMENT RIGHTS, CARSELDINE $760K+
ResortBrokers present to market the remaining 32 villas and management rights operation to Carseldine Gardens, a very well-maintained senior living community in the popular North Brisbane suburb. The offering produces a strong, proven and consistent return, as well as plenty of opportunity for growth.
- Comprises 143 low-set villas in duplex/triplex format.
- 122 of these are currently tenanted, with 20 owner occupiers and 1 external agent.
- 41 are owned by the vendors - 9 of these have sold and are due to settle in Q3 2022 - 6 to investors / 3 to owner occupiers.
- 32 remaining vendor owned residual units are inclusive in this offering.
- Vendor does not have to sell all 32 units and will consider offers for less.
- Caretaking and letting only with MR – NO FOOD, CARE OR ADDITIONAL DUTIES.
- $763,297 Net Profit, Gross revenue of $1,007,361
- Could be owner-operated by 2-person team OR run fully under management for a passive return.
- Currently operated under management by a two person team (property manager and maintenance person) working full-time (circa $120K total).
- Produce circa 5.5% as passive investment, 6.5% for an owner operator.
- The Body Corporate pays for a full-time gardener to maintain grounds, as well as a bus driver to run the village bus.
- Includes a large freehold office block with reception, back-office, kitchenette, bathroom, salon and storage.
- Significant upside potential through providing additional services to residents, and repair and maintenance work.
- All inspections by appointment only
