RIGHT ON BEACH: GENERATING OVER $410,000 ANNUALLY WITH MINIMAL CARETAKING REQUIREMENTS IN THE CENTRE OF SURFERS PARADISE

The Penthouses presents a rare absolute beachfront
management rights opportunity in Surfers Paradise,
delivering a net profit of $410,000 with an attractive 12%
return on investment.
The business comprises 16 holiday units within a 54-lot
iconic high-rise complex, supported by a body corporate
salary of $109369 including gst and 10 years remaining on the standard
module agreements.
With minimal caretaking duties, highlighted by the fact their
is no gardening requirements, manageable office hours of
8am-5pm Monday to Friday and 8am-12pm on weekends, and
a consistently high rating across OTAs, this operation suits
both experienced operators and first-time buyers seeking a
substantial yet manageable coastal business.

The letting pool of 16 units from a total of 54 lots indicates
a stable foundation with potential to recapture external
appointments, while the remaining 32 resident owners provide
body corporate stability.
Located between Broadbeach and Cavill Avenue, the complex
benefits from Surfers Paradise’s year-round tourism demand
driven by beaches, theme parks, dining precincts and
corporate travel, with the Gold Coast region typically achieving occupancy rates of 75-80% on average


SPACIOUS THREE-BEDROOM, BEACHFRONT APARTMENT

BEDROOM • 2 BATHROOM • 1 CAR PARK
The manager’s residence is a substantial three-bedroom,
two-bathroom apartment with one car park, offering direct
beachfront views with the balcony overlooking the sand
and ocean.
At $1.6 million of the $3.3 million total purchase price, the
residence represents approximately 1/2 of the investment,
which is higher than typical for a letting pool of this size but
reflects the premium absolute beachfront position and quality
of the accommodation.
The residence provides genuine lifestyle value for an
owner-operator while maintaining strong capital growth
potential given its oceanfront location in Surfers Paradise.
The agreements require the operator to live onsite, which
is standard for a holiday letting operation of this scale and
ensures responsive guest service and property oversight.
The residence cannot be rented out for additional income
while the operator holds the management rights, as the
onsite residency requirement is tied to the caretaking and
letting agreements.
The apartment’s three-bedroom configuration provides ample
space for a family operation or a couple seeking generous
living areas, with the beachfront aspect delivering a lifestyle
component that offsets the operational demands of running an
16-unit holiday letting business.