Exceptional Value in Townsville! Proven Management Rights Under a 2.0 Multiplier | Resort Brokers ID : MR009428
Permanent Management Rights for Sale in Townsville City, QLD — $769,000
Key facts
- Price
- $769,000
- Location
- Townsville City, QLD 4810
- Type
- Permanent Management Rights
- Net income
- $152,400 (actual)
- Caretaking remuneration
- $101,359
- Bedrooms
- 2
- Bathrooms
- 2
- Car spaces
- 1
- Listed by
- Resort Brokers
- Listing ID
- 21204650
- Last updated
- 2026-11-05
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
<br />
<br />
- Exceptional value & long-term security – Over 23 years remaining<br />
- Net operating profit of $152,400<br />
- Secured by a strong Body Corporate Salary of $101,359<br />
- Three storey walk up, with no lift maintenance required<br />
- Strategically positioned near key transport routes, sports facilities, retail outlets, and eateries<br />
- Enhanced security with a gated entry system<br />
- Profitable permanent complex in a prime rental location<br />
- Opportunity to win back 16 external letting appointments<br />
- Inspection by appointment only<br />
Date updated: 05 Nov 2026 23:00:02
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
<br />
<br />
- Exceptional value & long-term security – Over 23 years remaining<br />
- Net operating profit of $152,400<br />
- Secured by a strong Body Corporate Salary of $101,359<br />
- Three storey walk up, with no lift maintenance required<br />
- Strategically positioned near key transport routes, sports facilities, retail outlets, and eateries<br />
- Enhanced security with a gated entry system<br />
- Profitable permanent complex in a prime rental location<br />
- Opportunity to win back 16 external letting appointments<br />
- Inspection by appointment only<br />
Date updated: 05 Nov 2026 23:00:02