Permanent Management Rights - 24 Years Remaining - Strong Net Profit

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.