Townsville City, Queensland

Permanent Management Rights - 24 Years Remaining - Strong Net Profit | Resort Brokers ID : MR008913

$833,000

Business Description

ResortBrokers presents the caretaking and letting business of Riverway Point, a modern low-rise apartment complex in one of Townsville’s most sought-after suburbs.

This opportunity boasts long agreement terms of 24 years, providing security and peace of mind for the incoming operator. The complex comprises 70 units and is underpinned by a solid body corporate salary. With 17 units currently under outside agents, there is genuine potential to lift net profit by winning back appointments under new management.

The affordable manager’s unit, priced at just $350,000, offers exceptional value – where else can you purchase a modern two-bedroom, two-bathroom apartment at this price point? The residence features open-plan living, modern appliances, a covered private patio, air conditioning, and secure undercover parking.

Riverway Point is a secure gated complex, ideally located near major arterial roads, sporting facilities, shops, and restaurants. The three-story walk-up design requires no lift maintenance and includes a separate office, swimming pool, and barbecue area.

This caretaking and letting business represents excellent value, supported by a fair business multiplier and attractive return on investment. Situated in a high-demand rental area, it offers flexible working conditions, scope to grow income, and a lifestyle opportunity in a thriving regional centre.

- Secured by an extensive 24-year agreement term
- Secured by a stong Body Corporate Salary of $96,809
- Effecient threes-storey structure with no lift maintenance required
- Strategically positioned near key transport routes, sports facilities, retail outlets, and eateries
- Enhanced security with a gated entry system
- Profitable permanent complex in a prime rental location
- Opporuntiy to win back 17 external letting appoitments
- Inspection by appointment only
Date updated: 29 Sep 2025 08:32:48

Business Summary