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CARETAKING-ONLY MR | New Construction | 20 Outside Managed Rentals Ready to Convert
Caretaking Only - $275k
Permanent Management Rights, NUNDAH QLD
CARETAKING ONLY | NEW BUILD | MASSIVE UPSIDE
Ras360 is excited to present this standout opportunity to secure the caretaking-only management rights to Eight on Eton a premium, recently completed 49-unit building in the heart of Nundah.
Completed in 2024, the complex has been thoughtfully designed for smooth day-to-day operation, offering a reliable Body Corporate salary and excellent growth potential through future letting opportunities.
Body Corporate Salary: $60,568 ex GST
Module: Standard 9 years remaining
Total Units: 49 + 1 commercial
Caretaking Only: No letting pool, caretaking duties only
Growth Pipeline: 20 external rentals already in the building and 8 sales in 2025 alone
A Well-Designed Building That Supports Efficient Caretaking
Eight on Eton has been constructed with durability and ease of upkeep in mind.
Key common areas including lift lobbies and walkways feature quality tiling that stands up well to daily use and cleans effectively.
Clear Upside Through Letting Growth
With 20 outside-managed rentals, a motivated onsite manager has genuine opportunity to convert owners over time.
Onsite operators consistently outperform external agencies due to stronger relationships and better visibility a well-known advantage in the management rights industry.
The building is also experiencing high buyer turnover, with 8 resales in 2025 averaging $700,000, bringing new investor owners into the mix.
Nundah A High-Demand Urban Hub
Nundah continues to attract strong rental interest and ongoing development.
Eight on Eton is well positioned to benefit from this growth, making it appealing for both first-time operators and experienced managers looking to expand their portfolio.
Key Highlights
Caretaking Only secure income without letting obligations
Standard Module with 9 years remaining
Quality construction supporting smooth operational routines
20 externally managed rentals present strong organic growth potential
Exclusive-use storage area housing CCTV equipment
Developer is transitioning at their own pace a cooperative and clean handover
Ideal for first-time buyers or existing operators looking for an add-on
Eight on Eton offers a modern, reliable, and well-structured business with significant upside for operators looking to establish themselves in a high-demand location.
**Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Caretaking Only - $275k
- Net Income: $ 60,568
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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