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Caretaking Only Management Rights and Low Cost Unit - Townsville | Resort Brokers ID : MRC008914
$620,000
Permanent Management Rights, Townsville City QLD
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.
- $96,000 + 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 $350,000
- Inspection by appointment only
Date updated: 26 Sep 2025 23:00:01
More Information
- Total Purchase Price: $620,000
- Net Income: $ 96,809
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?