Surfers Paradise, Queensland

Extra Hard Work Needed to Change This Unpolished Gem!!

Under Contract / Offer

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: Under Contract / Offer 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. Prime Surfers Paradise location, short stroll to beaches, cafes, light rail, shops, restaurants and parks, boosting year‑round demand.
2. Permanent complex with stated development potential, offering a strategic asset in an iconic coastal market.
3. Resort-style facilities include pool, spa, tennis/squash court, games room, BBQ area and WIFI, enhancing guest appeal and yield potential.
4. Strong on-site accommodation mix: 60 total units, 14 in the letting pool, 10 owner-occupy units and 36 managed by outside agents, providing diverse income streams.
5. Long-term agreement structure, 25-year term with 22 years remaining, gives operational continuity and predictable rights.
6. Manager’s apartment on title, 2 bedrooms plus adjoining office, exclusive storage, one car space and pets accepted, valued at $790,000, representing significant owner accommodation equity.
7. No requirement to live on-site and no fixed hours, offering flexible ownership/management arrangements, though role may suit experienced managers only.
8. Reported net profit $143,000 with remuneration/body corporate salary of $117,000, indicating current cashflow and owner benefit levels.
9. Secure parking and ample parking for residents/guests, a notable operational convenience in a high-traffic tourist precinct.
10. Proximity to public and private primary and secondary schools and recreational facilities, supporting both short-term tourist and longer-term resident demand.
11. Property currently listed as under contract/offer, signalling active buyer interest and market momentum.
12. Manager’s office on title and exclusive use storage support efficient on-site administration and operational control.

Management Rights Multiplier: 3.50
ROI Estimate: 11.09%