FOR SALE
Offers Over $685,000

306/42 Surf Parade
Broadbeach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 108m2
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Outstanding Gold Coast Beachside Investment Opportunity. Fantastic Returns!

Located within “Broadbeach Savannah”, on the beachside of central Broadbeach and close to iconic restaurants, cafes, Pacific Fair Shopping Centre, Gold Coast Convention Centre, Star Casino and the Gold Coast Light Rail. The beautiful local beaches are also only a short walk away.
This property is divided into 2 separate apartments that are on a single title (meaning only 1 set of rates is payable). Providing unbeatable returns and rental flexibility at a great asking price, this is one of the best investment opportunities currently available on the Gold Coast. Rarely do properties like this become available because investor owners hold them long term. So be quick, because it will soon be sold.
Investors will recognise that the real benefit of this property is that each apartment can be rented out to separate tenants. That translates into 2 rental income streams to produce a significantly higher yield than could be expected from a typical 2-bedroom apartment.
And yes, both apartments are included in the same great asking price.
Being beachside in Broadbeach, these apartments can both be let as holiday rentals or as permanent rentals. Or 1 could be let as a holiday rental and the other as a permanent rental. Investors have the flexibility to choose whichever letting arrangement best fits in with their investment strategy.
Potential investment returns for these apartments have been confirmed by the Managers at “Broadbeach Savannah” as follows:
i) Permanent letting income – Each apartment to rent for around $500 per week. That means a regular gross income stream of around 2 x $500 = $1,000 per week ($52,000 per year).
ii) Holiday letting income – Because of its enviable location, “Broadbeach Savannah” consistently benefits from very high occupancy rates throughout the year (around 90%). During high season periods nightly rates of around $500 (or more during Gold Coast events) are achieved for each of these apartments producing gross income of around 2 x $500 = $1,000 per night (high season occupancy).
Principal features of this property include:-
- Positioned on the 3rd floor with a quiet aspect
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Property Details for 306/42 Surf Pde, Broadbeach

306/42 Surf Pde, Broadbeach is a 2 bedroom, 2 bathroom Apartment. The property has a floor size of 108m2. The place is currently for sale with Turner Mayes Real Estate.

Building Type
Apartment
Floor Size
108m2

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About Broadbeach 4218

The size of Broadbeach is approximately 1.5 square kilometres. It has 6 parks covering nearly 27.2% of total area. The population of Broadbeach in 2011 was 4,613 people. By 2016 the population was 5,513 showing a population growth of 19.5% in the area during that time. The predominant age group in Broadbeach is 20-29 years. Households in Broadbeach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Broadbeach work in a professional occupation. In 2011, 40.2% of the homes in Broadbeach were owner-occupied compared with 40.6% in 2016.

Broadbeach has 8,848 properties. Over the last 5 years, Houses in Broadbeach have seen a 92.32% increase in median value, while Units have seen a 91.10% increase. As at 31 October 2024:

  • The median value for Houses in Broadbeach is $1,614,331 while the median value for Units is $1,059,793.
  • Houses have a median rent of $750 while Units have a median rent of $750.
There are currently 95 properties listed for sale, and 22 properties listed for rent in Broadbeach on OnTheHouse. According to CoreLogic's data, 501 properties were sold in the past 12 months in Broadbeach.

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Peter Turner
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