Caretaking and letting business, 71 units
Photos: ResortBrokers Australia
At a glance
- Property type
- Management Rights
- Sale type
- Management Rights - All
- Region
- Townsville Mackay
About the business
This is the caretaking and letting business of Riverway Point, a low-rise management rights apartment complex in Townsville. The complex has 71 units, and the agreements have over 23 years remaining. A body corporate salary supports the business. 16 units are currently under outside agents. The complex is gated, a three-storey walk-up needing no lift maintenance, and has a separate office, swimming pool and barbecue area. It is near major arterial roads, sporting facilities, shops and restaurants. The broker reports modern appliances in the manager's unit. The broker reports a high-demand rental area with flexible working conditions and scope to grow income.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$769,000
Paid by
Your cash$230,700
Secured loan, 7 years at 6.98%$538,300
Each month
Loan repayment$8,120
Repayments each month
$8,120
Over 7 years you repay $682,007, of which $143,707 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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