Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This unique property comprises eight two-bedroom units positioned directly across from the patrolled beach between Surfers Paradise and Broadbeach. A rare find, the entire block has been held by a single ownership since its construction in 1979/80, marking its first market appearance in over four decades.
Located within the sought-after RD2 zoning with no height restrictions on a 751 square metre parcel, the block offers potential for redevelopment or land banking in a high-demand beachfront precinct. With the Jewel development underway directly opposite on the coast, this area is set for transformation, promising future capital growth opportunities.
The well-maintained, spacious units each provide comfortable living spaces and have been consistently rented or are rent-ready, generating a combined annual income of approximately $300,000. The solid construction alongside 10 secure basement parking spaces supports both current income and versatility for differing investment strategies, including long-term renting, repositioning for short-stay holiday letting (subject to approvals), or redevelopment into high-end apartments or retirement concepts with expansive ocean and hinterland views.
- Eight two-bedroom apartments: six with one bathroom, two with two bathrooms, and combined two car spaces across these units.
- Located only 50 meters from the beach, 300 meters from the light rail, and a short walk to Surfers Paradise and Broadbeach, enhancing lifestyle and convenience.
- Strong beachside rental demand affords a steady income stream.
- Heart of the Gold Coast’s entertainment and hospitality hub, close to Pacific Fair Shopping Centre, The Star Casino, and the Convention Centre.
- Excellent redevelopment prospect with RD2 zoning and no height limits.
This property is suitable for astute investors seeking a stable income and capital growth potential, developers targeting a high-value beachfront site, or anyone wanting to secure one of the last remaining beachfront blocks available on this stretch of the Gold Coast. It offers lifestyle convenience, exceptional location benefits, and flexibility of use whether holding, repositioning, or redevelopment is the intended strategy.
Local Market Insights
In Surfers Paradise, Quiet Listings observed 15 new units entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $1,556,800. The property type mix of listed properties is predominantly Apartments at 59%, followed by houses (18%), and units (11%). The most active agency for units in the Surfers Paradise area is currently Ray White, representing 47% of new listings, followed by McGrath Estate Agents with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Surfers Paradise QLD 4217
Other properties in this postcode
