2/16 Peninsular Drive, Surfers Paradise
Listing data updated 27 July 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 substanially 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. Retirement forced Sale. An opportunity not to be missed.
Inspection: Fri, 31 July, 12:00pm-12:30pm
RealistIQ deal score
Strong value signal
84
/100
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Market price guide is 20%+ below RealistIQ estimate
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Inspections
Fri, 31 July, 12:00pm-12:30pm
Listing details
- Status
- Interest above $499,000
Agent and agency
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