FOR SALE
$1,790,000

Contact Agent For Address
Surfers Paradise QLD 4217

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 30m2
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Secure High-Net Waterfront Luxury Living - ID 7993

Mixed Management Rights for Sale
Ample Upgrade Potential in a Prime Location
- Exceptionally high net profit of $187,175
- Body corporate salary of $129,737 plus GST, with CPI adjustments, constituting 70% of total income
- Diverse letting pool with 11 apartments: 7 holiday, 4 permanent, plus 16 managed by outside agents and 15 lockups
- Significant growth potential and very low risk, purchase with confidence and minimal concerns
- Long-term 25-year management agreement with 23 years remaining
- Efficient and straightforward operations already in place, very simple caretaking job with flexibility
- Modern waterfront manager’s unit with 2 bedrooms, 2 bathrooms, secure car space, air conditioning, and a large private yard
- Separate, spacious professional office (approx. 30 square meters) attached
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Property Details for Contact Agent For Address, Surfers Paradise

Building Type
Commercial
Floor Size
30m2

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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 25,339 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 67.73% increase in median value, while Units have seen a 95.43% increase. As at 31 August 2024:

  • The median value for Houses in Surfers Paradise is $2,327,166 while the median value for Units is $758,108.
  • Houses have a median rent of $760 while Units have a median rent of $650.
There are currently 342 properties listed for sale, and 109 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1641 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Bill He
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Management Rights Sales Pty Ltd
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Disclaimer
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.