Surfers Paradise, Queensland
Premium Business-Only in Paradise
$900K - Business Only
Business Description
Welcome to Allure, a standout high-rise development nestled on the vibrant Chevron Island – offering residents a peaceful retreat with luxurious on-site amenities and a breeze for Management in prime coastal lifestyle.
Rising 17 levels, Allure features 94 beautifully appointed apartments and represents an exceptional business-only Management Rights opportunity for an astute operator seeking strong long-term returns in a growth corridor. Currently huge opportunity for letting pool growth with 9 under management, 12 outside managed and one lock up.
Elevate everyday living with the rooftop’s luxurious infinity pool, expansive sundeck, and stylish covered entertaining area with BBQ and panoramic views of the Surfers Paradise skyline, Nerang River, and hinterland.
Positioned for Growth: Chevron Island is a rapidly evolving enclave of the Gold Coast, well-regarded for its mix of lifestyle, connectivity, and demand from both owner-occupiers and investors. Allure’s management rights provide an incoming operator with not just a profitable business, but also the chance to immerse themselves in a vibrant coastal community.
Premium Facilities & Lifestyle Appeal: The building features a stunning ground floor reception area with a resident’s lounge, fireplace, wine cellar, guest suite, lush subtropical courtyard, and a state-of-the-art gym.
Business-only model offering lifestyle flexibility
23 Years Remaining on Caretaking & Letting Agreements (Accommodation Module)
No requirement to live onsite and no set office hours
Strong Body Corporate salary of $117,000 p.a., reviewed annually in June
Opportunity to increase income by converting externally managed units
Appointments are strictly by appointment only. Please contact Syd Douglas to arrange an inspection of the building today.
Business Summary
Business Snapshot
Price: $900K - Business Only
Net Profit: $160,753 Remuneration / Body Corp Salary: $117,876
Managers Unit
Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 94Total Units in Letting Pool: 9Owner Occupy Units: 72Outside Agent Units: 12Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
1. Prime location on Chevron Island, a rapidly evolving enclave of the Gold Coast known for its mix of lifestyle, connectivity, and demand from both owner-occupiers and investors.
2. 17-level high-rise development with 94 beautifully appointed apartments.
3. Business-only management rights opportunity with strong long-term returns and potential for growth in the letting pool.
4. Luxurious on-site amenities including a rooftop infinity pool, sundeck, covered entertaining area with BBQ, resident's lounge, wine cellar, guest suite, subtropical courtyard, and gym.
5. 23 years remaining on caretaking and letting agreements, providing stability and security for an incoming operator.
6. No requirement to live on-site and no set office hours, offering lifestyle flexibility.
7. Strong body corporate salary of $117,000 per annum, reviewed annually in June.
8. Opportunity to increase income by converting externally managed units.
9. Appointments are strictly by appointment only, showcasing the exclusivity and demand for the business.
10. Premium facilities and lifestyle appeal, attracting high-end clientele and providing a luxurious living experience for residents.
