FOR SALE
$1,826,000

Contact Agent For Address
Tugun QLD 4224

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Exclusive - Absolute Beachfront Short Term Gem - ID 8760

Mixed Letting Management Rights For Sale
Southern End of the Gold Coast
- Well maintained mid rise resort
- Long standing managers have decided to retire
- 35 unit complex with 18 units in the letting pool
- Body Corporate salary of $78,000
- Long agreements with over 23 years remaining
- Sinking fund balance $252,000 as of 1 October 2024
- Would suit either experienced or first time operator
- Excellent Committee & Body Corporate
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Property Details for Contact Agent For Address, Tugun

Building Type
Commercial
Floor Size
1m2

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About Tugun 4224

The size of Tugun is approximately 3 square kilometres. It has 15 parks covering nearly 20.5% of total area. The population of Tugun in 2011 was 5,975 people. By 2016 the population was 6,594 showing a population growth of 10.4% in the area during that time. The predominant age group in Tugun is 50-59 years. Households in Tugun are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tugun work in a professional occupation. In 2011, 58.9% of the homes in Tugun were owner-occupied compared with 62.5% in 2016.

Tugun has 3,810 properties. Over the last 5 years, Houses in Tugun have seen a 91.86% increase in median value, while Units have seen a 104.45% increase. As at 30 September 2024:

  • The median value for Houses in Tugun is $1,423,012 while the median value for Units is $1,002,274.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Tugun on OnTheHouse. According to CoreLogic's data, 170 properties were sold in the past 12 months in Tugun.

Suburb Insights for Tugun 4224

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Phil Trimble
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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.