Surfers Paradise Address Withheld

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Potential Returns of $219 - 235 per week

For Sale $125,000 - $137,000

My dare to you is to find a comparable investment that has the potential to get $219-235 per week rent. We have 2 other apartments getting $219 & $235 per week during the quiet months of Winter, imagine what summer will be?
Stunning south facing hotel suite with views towards the always active and entertaining Surfers Paradise skyline.
Whether you're travelling alone, with friends or family - Mantra on View Hotel offers quests hassle free accommodation with this suite offering twin beds.
No need to a kitchen or to eat or drink in, with all the cafes, bars, clubs and restuarants on your doorstep.
Spacious, comfortable and a recent $9000 renovation is perfect for travellers with work station, bar fridge, TV, arm chari and air-conditioning. Take in the view from your private balcony before watching the news or your favourite show on your LCD TV with Foxtel with high speed internet access means you can keep in touch with family, friends or colleagues.
This is the best value apartment in the building, why pay more for a higher floor and get the same return?
• Currently returning $270 per week from Mantra
• Opportunity to increase return to $350-$380 per week using offsite manager or more running your own B&B
• 24 hour reception and room service
• Lagoon style swimming pool, tennis court & gym
• Ocean, Hinterland and City skyline views
• Convention facilities and restaurant
• Electricity and Insurances fully paid for by hotel operator      
• Rates: $814 Per Quarter
• Water Rates: $325.25 Per Quarter
• Body Corp: $63.15 per week

Recent Mantra quarterly results from September to November have the average occupancy between 74-82% and the average room rate between $115 - $126.

This apartment is a perfect SMSF or investment apartment.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.*


Get to know Surfers Paradise

Surfers Paradise is a suburb within the local government area of City of Gold Coast in Queensland, Australia. Colloquially known as 'Surfers', the suburb has many high-rise apartment buildings and a wide surf beach. The feature of the heart of the suburb is Cavill Mall, which runs through the shopping and entertainment precinct.

Read more about Surfers Paradise

Contact

Open Times

Please contact Karen Pirie to arrange an appointment.

Property Features

  • Air Conditioning
  • Built-In Wardrobes
  • Close to Shops
  • Close to Transport
  • Pool
  • Terrace/Balcony
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