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Caretaking Only MR - Priced to sell with an exceptional multiplier

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.

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.

Net profit
$97K
Asking $633,618
Asking price
$634K
Management Rights - Caretaking only

The business at a glance.

  • $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
Caretaking Only MR - Priced to sell with an exceptional multiplier

Townsville City, QLD

Townsville City, QLD

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Steven Styles

Steven Styles

Specialist Accommodation Broker, Townsville and Surrounds

0488 044 981
07 3878 3999

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Leah Bursztynowicz

Leah Bursztynowicz

Specialist Accommodation Broker, Far North Queensland

0468 918 250
07 3878 3999

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Same model our brokers use to appraise. Adjust net profit, multiplier, real estate component. The result is indicative — independent appraisal available on request.

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Indicative total$629,259

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