FOR SALE
$4,315,000

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Surfers Paradise QLD 4217

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Breakers North: Your Gateway to Beachfront Investment Excellence

Breakers North: Premier Beachfront Management Rights with Significant Growth Potential
Seize the opportunity to acquire the management rights of Breakers North, an absolute beachfront complex in Surfers Paradise, Gold Coast. This investment offers a robust net profit of $648,165 and a manager's salary of $222,310, with substantial growth prospects.
Strong Financial Performance: Achieve a net profit of $648,165, complemented by a manager's salary of $222,310, ensuring a lucrative income stream.
Diverse Letting Pool: Manage 43 units, predominantly holiday rentals, catering to a broad clientele and maximizing occupancy rates.
Prime Location: Situated between Surfers Paradise and Broadbeach, Breakers North offers direct beach access and proximity to premier shopping, dining, and entertainment venues.
Experienced Operational Team: Existing partners are willing to continue as employees, providing operational continuity and support.
Flexible Agreement Terms: With 17 years remaining on current agreements and potential adjustments in residency requirements and office hours in upcoming negotiations, managerial flexibility is enhanced.
Strong Financial Position: A substantial sinking fund of $817,000 as of April AGM, with recent renovations completed, minimizing future capital expenditures.
Growth Potential:
The Gold Coast remains a highly desirable destination for holidaymakers, and Breakers North's prime location positions it to capitalize on this demand.

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 25,357 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 57.93% increase in median value, while Units have seen a 99.12% increase. As at 30 November 2024:

  • The median value for Houses in Surfers Paradise is $2,098,210 while the median value for Units is $768,609.
  • Houses have a median rent of $745 while Units have a median rent of $675.
There are currently 356 properties listed for sale, and 86 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1603 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Paul Mueller
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Syd Douglas
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RAAS Property Group
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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.