87/114 The Esplanade Surfers Paradise QLD 4217
Property Details for 87/114 The Esplanade, Surfers Paradise
87/114 The Esplanade, Surfers Paradise is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 2355m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Unit sold in Surfers Paradise in the last 12 months.
Last Listing description (August 2024)
Nestled on the 22nd floor of the iconic Focus building, this exquisite 3-bedroom, 2-bathroom apartment offers a lifestyle of luxury and breathtaking vistas.
Boasting panoramic views of the lush Hinterland and shimmering beachfront at every glance from the expansive windows is a masterpiece of natural beauty. Wake up to the soothing sound of waves and unwind amidst the stunning sunset hues painting the sky each evening.
Step inside to discover a haven of comfort and style, where spacious bedrooms provide sanctuary and rejuvenation after a day of exploring the vibrant Surfers Paradise. The master suite, adorned with its own ensuite bathroom, ensures privacy and tranquility, while still offering sweeping views of the coastline.
Situated within walking distance to an array of dining, entertainment, and shopping options, residents of 114 The Esplanade enjoy the ultimate convenience of urban living paired with the serenity of coastal charm.
Additionally, exclusive access to the building's amenities including a heated swimming pool, children's play pool, outdoor spa, sauna, gym, spacious lawn area and BBQ area ensures that every day feels like a vacation in paradise.
Don't miss this rare opportunity to own a slice of coastal luxury in one of the Gold Coast's most sought-after locations.
The Figures That Count:
B/C - $215 per week (the facilities are one of a kind)
Combined Rates - Circa $5,650 Annually
Long-term rental return - $1100 - $1200 PER WEEK
Holiday Let - $85,000 pa (extremely conservative, neighbouring unit bringing in 280K PA)
This leaves you with a NET rental return of circa
Long-term let - circa 4.5% NET
Holiday Let - circa 7%+ NET
Do not miss out.
Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.
Property History for 87/114 The Esplanade, Surfers Paradise, QLD 4217
- 01 Aug 2024Sold for $950,000
- 26 Oct 2023Listed for Sale Not Disclosed
- 08 Jan 2021Sold for $557,000
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0About 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 25,337 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.
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