FOR SALE
Under Contract

7 Weemala Street
Surfers Paradise QLD 4217

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
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Entire Block of Flats - Chevron Island!

Rare opportunity to secure this unique, character filled, entire block of flats positioned right in the heart of vibrant and popular Chevron Island.
'Tudor Lodge' is a solid two level brick with suspended concrete slab block of flats comprising 4 x oversized 1 bedroom units, each with their own courtyards, open plan living and dining area, eat in kitchen, bedroom with built-in and generous bathroom/laundry in each of the units.
Representing an outstanding investment property in a premier position, fully leased with long established tenants in place. Presented in first class immaculate conditions with updates made, it offers the astute investor a once only opportunity to secure this well maintained block of flats that is easy to run and maintain. Ideal for a superfund, investment with so much upsides and potential.
Set on a large 506m2 block with future re-development potentials, each unit comes with a undercover car space plus storage room.
- Chevron Island entire block of flats - 'Tudor Lodge'
- Rare opportunity to secure in prime central location
- Immaculately presented, solid and well built
- Unit 1 currently leased at $400 per week
- Unit 2 currently leased at $400 per week
- Unit 3 currently leased at $550 per week
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Property Details for 7 Weemala St, Surfers Paradise

7 Weemala St, Surfers Paradise is a 4 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The place is currently for sale with First National Real Estate Surfers Paradise.

Building Type
BlockOfUnits

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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 25,312 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 58.55% increase in median value, while Units have seen a 85.52% increase. As at 31 July 2024:

  • The median value for Houses in Surfers Paradise is $2,376,577 while the median value for Units is $727,822.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 326 properties listed for sale, and 106 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1670 properties were sold in the past 12 months in Surfers paradise.

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Russell Rollington
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Bob Rollington
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First National Real Estate Surfers Paradise
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