31A Peninsular DriveSurfers Paradise QLD 4217
Property Details for 31a Peninsular Dr, Surfers Paradise
31a Peninsular Dr, Surfers Paradise is a 6 bedroom, 6 bathroom Unit. The property has a land size of 733m2.
Last Listing description (November 2024)
Block of Units - Development Upside
31A Peninsular Drive, Surfers Paradise - 6 Units Entire Block of Units
Unit owners in this multi-unit block property have collectively agreed to combine their properties to form a single lot and offer the buildings and freehold land for sale in one line.
Freehold waterfront parcel 720m2 land size with high rise density zoning.
Unit 1,2,4 and 5 tenanted lease expired periodic
Unit 3 owner occupied
Unit 6 vacant
Opportunity for the new owner to renew leases at the market rate with most leases expired on periodic.
Market rent appraisal fully tenanted approx. $2,700 per week; annual market rent estimated at $140,400 per annum.
Walking distance to the vibrant Surfers Paradise cafe/dining scene, Paradise Centre shopping and high street retail precinct, and the world-famous Surfers Paradise beach, surrounded by excellent amenities, GLINK light rail service and multiple public transport options.
This waterfront property is a rare investment opportunity - one to be proud to own. Don't delay as quality real estate investments of this kind offer fantastic upside and are tightly held.
Centrally located in the heart of Australia's top tourist destination, Queensland's Surfers Paradise.
Agents: Kristoffer Sonter 0410 082 283 and Chris Bouwer 0488 191 788
Property History for 31a Peninsular Dr, Surfers Paradise, QLD 4217
- 04 May 2024Listed for Sale Expression of Interest
- 30 Nov 2016Listed for Rent - Price not available
- 01 Aug 2016Listed for Rent - Price not available
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About Surfers Paradise 4217
The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.
Surfers Paradise has 25,402 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 68.36% increase in median value, while Units have seen a 97.59% increase. As at 28 February 2025:
- The median value for Houses in Surfers Paradise is $2,338,978 while the median value for Units is $771,437.
- Houses have a median rent of $750 while Units have a median rent of $690.
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