Surfers Paradise, Queensland
Caretaking and Letting Permanent Complex in a Prime Location!!
Under Contract / Offer
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: Under Contract / Offer
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. Prime Surfers Paradise location, short stroll to patrolled beaches, cafes, light rail, shops, restaurants and parks, boosting appeal to tourists and residents.
2. Iconic coastal setting with consistent demand drivers, including proximity to public and private primary and secondary schools.
3. Dated complex requiring significant TLC, presenting a clear value‑add refurbishment opportunity to uplift rates and asset performance.
4. Established permanent complex of 60 total units, offering scale and economies of management.
5. Only 14 units currently in the letting pool, indicating substantial upside to increase letting penetration and revenue.
6. Long‑dated accommodation agreement structure, 25 year term with 22 years remaining, providing contractual income stability.
7. Reported net profit of $143,000, with remuneration/body corporate salary of $117,800, demonstrating current cashflow and owner return.
8. Resort facilities include pool, spa, gym, tennis court, squash court, BBQ area, games room and secure parking, enhancing guest experience and competitive positioning.
9. Operational flexibility for the purchaser, no requirement to live onsite and no fixed hours, suitable for absentee or semi‑absentee management.
10. Business listed under contract / offer, signalling active buyer interest and potential market competitiveness.
