Surfers Paradise, Queensland
Caretaking and Letting Permanent Complex in a Prime Location!!
$680,000
Business Description
Caretaking and Letting Permanent Complex in a Prime Location!!
This dated complex requiring a lot of TLC 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 dated resort facilities on offer include, pool, spa, squash court, BBQ, games room and secure parking.
On offer: ideal for someone prepared to put in the initial hard yards to reap the long term benefits, no need to live onsite, no fixed hours, no real estate to purchase.
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: $680,000
Net Profit: $143,000 Remuneration / Body Corp Salary: $117,800
Complex Information
Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes
Key Investment Insights
1. Asking price $680,000 with reported net profit $143,000 and remuneration/body corporate salary $117,800, indicating immediate cashflow potential.
2. Prime Surfers Paradise location, short stroll to patrolled beaches, cafes, shops, restaurants, light rail and public transport, supporting strong demand.
3. High tourism and residential appeal given iconic skyline and world‑renowned beaches, favourable for lettings and guest turnover.
4. Permanent complex of 60 units with 14 units currently in the letting pool, representing growth potential by increasing pool participation.
5. Long‑dated accommodation agreement framework, 25 year term with 22 years remaining, provides contractual stability and predictable operating structure.
6. Dated property requiring significant TLC, presenting value‑add opportunity through refurbishment and facility upgrades to lift rates and occupancy.
7. Resort facilities on site include pool, spa, gym, tennis court, squash court, BBQ area, games room and secure parking, enhancing guest amenity and competitiveness.
8. Operational flexibility noted, no requirement to live onsite and no fixed hours, suitable for absentee ownership or outsourced management.
9. No real estate purchase required, reducing capital outlay compared with buying strata or freehold accommodation units.
10. Positioned close to public and private primary and secondary schools, adding appeal for longer‑stay residents and off‑season demand.
11. Listing highlights potential for long‑term benefits for a buyer prepared to invest in initial works, signalling upside through active management and refurbishment.
