Surfers Paradise, Queensland
Surfers Paradise Holiday Business netting over $396,000. | Resort Brokers ID : MR009353
$2,999,000
Business Description
Biarritz Apartments delivers a rare combination of strong cash flow and manageable operations in the heart of Surfers Paradise.
This 98-unit complex generates net profit exceeding $396,000 from just 20 letting units, supported by body corporate remuneration of $240,150 plus GST.
Located one block from the beach on the Broadbeach border, the business offers consistent holiday demand with scope to recapture three outside agent appointments and optimise daily rates.
The current agreements provide 14 years remaining, with a five-year top-up available at settlement, ensuring long-term security for the incoming operator.
The on-site residence is a modern two-bedroom, two-bathroom apartment with dedicated office space, valued at $1,000,000 and included in the sale price of $2,999,000.
This turnkey operation suits first-time buyers seeking systematic income or experienced operators wanting lifestyle balance without sacrificing profitability. With seven permanent tenancies providing baseline stability and 19 holiday units driving premium returns, the business model is proven and sustainable.
The complex features a full resort amenity suite including pool, spa, sauna, gym, tennis court and barbecue areas.
- Net operating profit of $396,047 from a 20-unit letting pool.
- Body corporate remuneration of $240,150 plus GST providing strong baseline income.
- Agreements with 14 years remaining plus five-year top-up offered at settlement.
- Prime Surfers Paradise location one block from the beach on the Broadbeach border.
- Three outside agent appointments presenting immediate recapture opportunities.
- Systematic operation ideal for first-time buyers or experienced operators seeking lifestyle balance.
- Modern two-bedroom, two-bathroom manager's residence with office on title valued at $1,000,000.
- Inspection by appointment only.
Date updated: 25 Oct 2026 23:00:11
Business Summary
Business Snapshot
Price: $2,999,000
Net Profit: $396,047 Remuneration / Body Corp Salary: $240,162
Managers Unit
Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 98Total Units in Letting Pool: 20Owner Occupy Units: 46Outside Agent Units: 3Lockup Units: 28Agreement Term Remaining: 14 years
