FOR SALE
$295k MR & $640k Unit = Total $935k

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Carseldine QLD 4034

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North Side Caretaking Only Complex with a managers unit under a million bucks

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 manager’s 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 Brisbane’s most attractive areas. Don't miss the chance to secure this lifestyle and investment opportunity—get in touch today to explore how Castlebrook could fit your future
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Carseldine

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Commercial

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About Carseldine 4034

The size of Carseldine is approximately 5 square kilometres. It has 22 parks covering nearly 13.1% of total area. The population of Carseldine in 2011 was 8,745 people. By 2016 the population was 9,543 showing a population growth of 9.1% in the area during that time. The predominant age group in Carseldine is 30-39 years. Households in Carseldine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carseldine work in a professional occupation. In 2011, 72.1% of the homes in Carseldine were owner-occupied compared with 68% in 2016.

Carseldine has 4,352 properties. Over the last 5 years, Houses in Carseldine have seen a 70.15% increase in median value, while Units have seen a 82.65% increase. As at 30 November 2024:

  • The median value for Houses in Carseldine is $1,128,421 while the median value for Units is $685,232.
  • Houses have a median rent of $720 while Units have a median rent of $600.
There are currently 33 properties listed for sale, and 19 properties listed for rent in Carseldine on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Carseldine.

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Robert Collins
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RAAS Property Group
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