Surfers Paradise Holiday Business netting over $396,000

Biarritz Apartments delivers a rare combination of strong cash flow and manageable operations in the heart of Surfers Paradise. This 98-unit complex generates net profit exceeding $396,000 from just 20 letting units, supported by body corporate remuneration of $240,150 plus GST. Located one block from the beach on the Broadbeach border, the business offers consistent holiday demand with scope to recapture three outside agent appointments and optimise daily rates. The current agreements provide 14 years remaining, with a five-year top-up available at settlement, ensuring long-term security for the incoming operator. The on-site residence is a modern two-bedroom, two-bathroom apartment with dedicated office space, valued at $1,000,000 and included in the sale price of $2,999,000. This turnkey operation suits first-time buyers seeking systematic income or experienced operators wanting lifestyle balance without sacrificing profitability. With seven permanent tenancies providing baseline stability and 19 holiday units driving premium returns, the business model is proven and sustainable. The complex features a full resort amenity suite including pool, spa, sauna, gym, tennis court and barbecue areas.