Townsville City, Queensland

Caretaking Only MR - Priced to sell with an exceptional multiplier | Resort Brokers ID : MRC008914

$633,618

Business Description

ResortBrokers presents an excellent opportunity to acquire the caretaking-only business at Riverway Point, a modern low-rise apartment complex. This opportunity boasts long agreement terms of 24 years, providing stability and assurance for the new caretaker. The complex comprises 70 units and is underpinned by a solid body corporate salary.

Riverway Point is a secure complex with gated entry, located in close proximity to major arterial roads, sporting facilities, shops, and restaurants. The three-story building requires no lift maintenance, further enhancing its appeal.

The manager's unit features two bedrooms, two bathrooms, an open-plan living area, a covered private patio area and secure undercover parking. The complex includes swimming pool and barbecue area both easily maintained under flexible working conditions.



- $101,359 Body Corporate Salary
- Secured by an extensive 24-year agreement term
- Effecient three-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 caretaking business in a prime location, flexibile work conditions
- Low cost Real Estate component - 2 bed - 2 bath unit - Price $440,000
- Inspection by appointment only
Date updated: 18 Oct 2026 23:00:08

Business Summary

Business Snapshot

Price: $633,618 Net Profit: $96,809 Remuneration / Body Corp Salary: $101,359

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 70Agreement Term Remaining: 25 years
Marketing Agent
Leah Bursztynowicz
Leah Bursztynowicz

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

STAY UP TO DATE

Receive new listing alerts

Sign up

Industry news from AccomProperties

Similar Management Rights For Sale

You may also like

Low real estate buy-in required, 2.6 x multiplier, 38% ROI
Calvin Bailey Management Rights
Low real estate buy-in required, 2.6 x...

CAIRNS CITY

$690,000

Net Income: $189,586
Managers Estate: $195,000 1 Bed 1 Bath
Letting Pool: 30
Remuneration: $70,517

Great Lifestyle Business in Tropical North Qld
QTHB
Great Lifestyle Business in Tropical North...

QUEENSLAND

Management Rights $695,000

Net Income: $188,922
Managers Estate: $195,000 1 Bed 1 Bath
Letting Pool: 17
Remuneration: $62,549

Under Contract - ID 8595
MR Sales
Under Contract - ID 8595

YORKEYS KNOB

Under Contract / Offer

Net Income: $115,680
Managers Estate: $590,000 3 Bed 2 Bath
Letting Pool: 18
Remuneration: $58,556

Hotel Sophia Melbourne
THE ONLY STANDALONE MOTEL IN TOWN, A RARE FREEHOLD OPPORTUNITY - 419MF
TRANQUIL LODGE IN THE REMOTE CAPE TRIBULATION READY FOR THE NEXT PHASE OF GROWTH - 2822MF
EXTRAORDINARY OPPORTUNITY RENOVATED 10 ROOM HOTEL & RESTAURANT, BAR & BOTTLESHOP
NSW LEASEHOLD OPPORTUNITY, 27 ROOMS, 22 YEAR LEASE - 1640ML
Exclusive - No Onsite Living Required - Exceptional 3.30 Multiplier! - ID 7970
CENTRAL QLD COASTAL FREEHOLD MOTEL - 2917MF
Landmark business sale: Armatree Hotel
Substantial 8.1-Acre Freehold Holding - Established Income, Family Residence | Resort Brokers ID : FH009384
Permanent with Exceptional Water Views!!
The Gold Coast's Next Trophy Management Rights Acquisition. 
MARIS | SOUTHPORT, GOLD COAST
PARADISE ON THE BEACH - THE NAME SAYS IT ALL! PRIME BEACHFRONT MLR in PALM COVE | Resort Brokers ID : MR009382
Thirty-Two Acres of Land With Winery & Caravan Park Permit
🔥 $160K NETT PROFIT | 90% OCCUPANCY | 20-BED FEMALE-ONLY HOSTEL | BAR/RESTAURANT READY TO OPEN
Exclusive - Net $148,586 with Multiple Income Upside Potential - ID 9240
Business Only - $355,766 Net - Over 72% BC Salary at attractive 5.9x multiplier! | Resort Brokers ID : MRB009392
Established Freehold Accommodation With Untapped Potential | Resort Brokers ID : FH009370
75% Occupancy - 31-Year Tenure - Gold-Winning Location | Resort Brokers ID : LH009391