Greenwich on Riverwalk
Greenwich on Riverwalk
Greenwich on Riverwalk
Greenwich on Riverwalk
$1,290,000
  • Greenwich on Riverwalk
  • Greenwich on Riverwalk
  • Greenwich on Riverwalk
  • Greenwich on Riverwalk
  • 2Garages
Permanent Position in Robina BC with a Salary Over $111,000

With an established and expanding business precinct bordered by natural waterways, bicycle paths, landscaped walkways, and recreational spaces, sought-after Robina offers a high standard of staff amenities and lifestyle benefits. Explore a vibrant education, medical, and business precinct surrounded by local entertainment, all conveniently located nearby. You’ll find yourself at the heart of it all while enjoying the advantages of a relaxed and privileged lifestyle. Robina has a proven track record as a suburb with excellent transport options, making it appealing to renters and ensuring the new onsite manager consistently low vacancy rates and quality tenancies.

With a robust Body Corporate salary and letting income (Net $140,741), this business provides an excellent foundation for incoming purchasers and a stable income. Long-standing and well-managed 25-year agreements demonstrate a positive relationship with the active and supportive committee, solidifying the business's value.

The office is on the street level, which is ideal for operating this management rights business. It provides the incoming manager with a separate workspace from the residence.
The complex comprises 51 units, 11 in the letting pool and 13 Outside Agents.

The well-appointed, contemporary manager’s apartment is highly livable, featuring two bedrooms, two bathrooms, and two parking spaces. With minimal onsite facilities to manage or clean, low-maintenance gardens and flexible office hours, this presents an outstanding Management Rights opportunity that a single individual can easily manage.

For buyers seeking a Management Rights complex in this price range, it would be challenging to find a better option – easy operation, long-term agreements, cooperative committee, potential growth through external agents, and a modern, spacious manager’s residence, all in an excellent location.


BUSINESS SNAPSHOT

Financials

Body Corporate Salary: $111,426

Management Unit

Management Unit Price: $725,000

Complex Overview

Complex Type / Module: Permanent

Total Units Inside Letting Pool: 11

Total Units in Complex: 51

Outside Agent: 13

Owner Occupied: 27

Agreement Term: 25 Years

Paul Mueller
Paul Mueller


CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
  3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
  4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
  5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
  6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.