Surfers Paradise, Queensland

Extra Hard Work Needed to Change This Unpolished Gem!!

Reasonable Offers Considered!!

Business Description

Reasonable Offers Considered!!

Permanent Complex in a Prime Location with Development Potential!!

This complex is situated in Surfers Paradise which is a bustling coastal suburb located on the Gold Coast. Its iconic skyline and pristine beaches make it a highly sought-after destination for residents and tourists alike.

Ideally located only a short stroll to the heart on Surfers Paradise, Patrolled beaches, cafes, light rail & public transport, shops, restaurants and parks. Also situated within close proximity to both public and private primary and secondary schools, and offering residents and guests access to a range of parks, recreational facilities, and of course, the world-renowned beaches.

Some of the resort facilities on offer include, pool, spa, squash court, BBQ, games room and secure parking.

On offer with no need to live onsite and no fixed hours, not ideal for the faint hearted manager.

The managers unit is 2 bed with an adjoining office, exclusive use storage and ample secure parking.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: Reasonable Offers Considered!! Net Profit: $143,000 Remuneration / Body Corp Salary: $117,000

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 14Owner Occupy Units: 10Outside Agent Units: 36Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Net profit reported at $143,000, with manager remuneration/body corp salary of $117,000, indicating solid current cashflow potential.
2. Managers apartment valued at $790,000, included as an asset, featuring 2 bedrooms, 1 bathroom, 1 car space, on-title office, exclusive storage and pets allowed.
3. Permanent complex of 60 units, providing tenure stability and long‑term asset characteristics.
4. Letting pool currently only 14 of 60 units, presenting clear upside to increase revenue by converting additional units into short‑term accommodation.
5. Agreement structure 25 years total, with 22 years remaining, offering a long‑dated operating agreement and income visibility.
6. Resort-style facilities include pool, spa, tennis/squash court, games room, BBQ area and WiFi, enhancing guest appeal and competitive positioning.
7. Prime Surfers Paradise location, short stroll to patrolled beaches, cafes, light rail, shops, restaurants, parks and schools, supporting high occupancy potential and strong tourism demand.
8. No requirement to live onsite and no fixed hours, offering flexible management arrangements, though advertisement warns it may not suit a faint‑hearted manager, implying operational intensity.
9. 36 units managed by outside agents and 10 owner‑occupied units, indicating opportunities to expand direct management and capture higher revenue share.
10. Advertised as having development potential and sellers open to reasonable offers, signalling room for negotiation and value‑add redevelopment or repositioning.

Management Rights Multiplier: 3.50
ROI Estimate: 11.09%