Townsville City, Queensland

Exceptional Value in Townsville! Proven Management Rights Under a 2.0 Multiplier | Resort Brokers ID : MR009428

$769,000

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 a solid net profit of $152,400 with long agreement terms of over 23 years, providing security and peace of mind for the incoming operator. The complex comprises 71 units and is underpinned by a solid body corporate salary. With 16 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 $467,000, offers exceptional value. The two-bedroom, two-bathroom apartment 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.

The caretaking and letting business represents exceptional value at an attractive business multiplier below 2.0x providing an 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.

- Exceptional value & long-term security – Over 23 years remaining
- Net operating profit of $152,400
- Secured by a stong Body Corporate Salary of $101,359
- Three storey walk up, 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 16 external letting appoitments
- Inspection by appointment only
Date updated: 30 Oct 2026 11:09:06