2/16 Peninsular Drive, Surfers Paradise
Listing data updated 16 Aug 2026
- This is your enormous opportunity to purchase a value priced one bedroom largely furnished unit with airconditioning. This unit is in a small unit block of 8 units which is well maintained and is set on 508m2 of potentially redevelopment land. The unit is presently rented at $500.00 per week to an excellent tenant and there is scope to increase the rent for an Investor. Alternatively this is a relatively low price for an Owner Occupier. This is a company title unit which has excellent benefits which are as follows. The total outgoings for this unit which include body corporate fees, council rates and council water rates are only $120.19 combined which are substantially lower than strata title units. Other benefits is that on purchase the stamp duty payable on purchase is less than $5.00. For your information company title properties were in existence before strata titling came into effect. With company title units you can live in the unit rent it or resell it--it is just another form of legal ownership. Some 4 years ago there was a new metal roof installed in this building at a cost of $60,000.00. This unit is situated within a short walking distance to central Surfers Paradise where there is Bus Transport, Light Rail Network, to 3 Shopping Centres, River Park, to the Nerang River and to the Beach. In essence due to this location you do not even need a car. Also this unit is within 6kms of the Gold Coast Exhibition & Convention Centre, Star Casino and to Pacific Fair Shopping Centre. If you are seeking finance the Commonwealth Bank will lend up to 80% on the purchase price without mortgage Insurance. An Information sheet on this unit can be emailed on request. Also please peruse the statement of information section for full details of this unit. Retirement forced Sale. An opportunity not to be missed.
RealistIQ deal score
Strong value signal
83
/100
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Market price guide is $122,000 below RealistIQ estimate
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Listing details
- Status
- $499,000
Agent and agency
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