FOR SALE
$2,290,000

Contact Agent For Address
Surfers Paradise QLD 4217

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NET PROFIT $330K - LIVE OFF SITE

This stunning Surfers Paradise, Gold Coast Management Rights is now on the market.
Right in the heart of Surfers Paradise and positioned to enjoy the lifestyle this entails. This high-rise apartment building caters for both holiday and residential clientele, enjoying ocean, river or mountain views.
Residents and guests can immerse themselves with the plethora of restaurants, cafés, bars, nightclubs, and shopping that the Gold Coast has to offer. Theme parks such as Dreamworld, White Water World, Sea World and golf courses are easily accessible.
The Management Rights business is solid with current operators benefiting from 10 years of experience. Over that time the Body Corporate Salary itself has now grown to a healthy $112,000 p.a. (+ GST), increasing yearly by CPI. Over 24 years remain on management agreements as a good relationship with owners has recently allowed for a top up.
The building itself has recently benefited from a refurbishment of many of its common area facilities whilst the Body Corporate is very supportive.
Furthermore, there is an opportunity for the incoming operator to increase the rental pool and thus profitability by bringing onboard a significant number of on-site lets currently held by outside agents.
The two-bedroom, ground floor manager's apartment has secure underground parking and is blessed with plenty of storage.
Currently the manager's nominee is living on-site as there is flexibility there within the agreements.
With the Olympics around the corner in 2032 don't miss this opportunity to get on board!

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 25,209 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 326 properties listed for sale, and 100 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1573 properties were sold in the past 12 months in Surfers paradise.

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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.