Exceptional Value in Townsville! Proven Management Rights Under a 2.0 Multiplier

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 $469,000, 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.