FOR SALE
$1,368,000

Contact Agent For Address
Surfers Paradise QLD 4217

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VALUABLE HOLIDAY BUSINESS

A lovely 3-storey walk-up building in Surfers Paradise, located in an especially peaceful part of paradise. The one-bed room units, make it easily to secure bookings and maintain revenue for investors in the holiday letting pool.
A healthy term of 19 years remains on the Management Rights Agreement. Body Corporate salary is a rewarding $77,000 + GST, increasing according to CPI each year. Current total net income is over $207,000 with multiplier of around 3.5!
The manager's unit is the only 2-bedroom, 2-bathroom unit in the building, featuring a renovated ensuite, 2 car spaces, a good-sized office attached and a private backyard. It is also a pet friendly building.
This holiday business is also attractive to local travellers and businesspeople, as it is within walking distance to the beach, and close to Star Casino, Pacific Fair Shopping Centre, Cavill Avenue, and the Gold Coast Convention Centre via nearby G-link tram station.
Does this valuable central Surfers Paradise Management Rights business appeal to you? Then you are more than welcome to arrange an exclusive inspection with me!

Property Details for Contact Agent For Address, Surfers Paradise

Building Type
Commercial

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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 25,208 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 41.55% increase in median value, while Units have seen a 99.59% increase. As at 30 September 2024:

  • The median value for Houses in Surfers Paradise is $2,203,568 while the median value for Units is $764,508.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 325 properties listed for sale, and 99 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1572 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Jenny Zheng
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.