Surfers Paradise, Queensland
Premium Business-Only in Paradise
SOLD
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: SOLD
Net Profit: $150,977 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. High-rise development with 94 beautifully appointed apartments
2. Located on vibrant Chevron Island, offering a peaceful retreat with luxurious on-site amenities
3. Huge opportunity for letting pool growth with 9 units currently under management and potential to convert externally managed units
4. Elevate everyday living with rooftop infinity pool, sundeck, and covered entertaining area with panoramic views
5. Positioned for growth in a rapidly evolving enclave of the Gold Coast
6. Business-only model offering lifestyle flexibility
7. 23 years remaining on caretaking and letting agreements
8. No requirement to live onsite and no set office hours
9. Strong Body Corporate salary of $117,000 p.a.
10. Opportunity to increase income through annual salary reviews and converting externally managed units.
