25 Thornton StreetSurfers Paradise QLD 4217
Property Details for 25 Thornton St, Surfers Paradise
25 Thornton St, Surfers Paradise is a 7 bedroom, 4 bathroom Unit with 3 parking spaces. The property has a land size of 405m2.
Last Listing description (March 2022)
For the cost of a three-bedroom apartment, you're getting all of this; 7 bedrooms, 4 bathrooms, 4 kitchens & 3 off-street car spaces & 405m2 of land!
A rare opportunity to acquire a desirable piece of the Gold Coast. This property contains 3 x 2-Bedrooms units, 1 x 1-bedroom unit, and three off-street parking spaces. Returning approximately $80,000 P/A with long term tenants in place, you know you're going to be securing a strong investment sitting on 405m2 of prime Gold Coast land.
The current owner has done all the hard work with renovating the three downstairs units, upgrading all of the concrete around the exterior of the building, and also incorporating an incredible alfresco area out the back of unit 3. There have also been 4 new split system air-conditioning units throughout installed as well the roof being replaced only 2 years ago. Unit 4 being the largest unit of them all, still has a very beachy vibe to it with its gorgeous timber floorboards throughout, plenty of natural light, and fantastic ocean breezes flowing through the unit.
The location of this property is one that will tick the boxes for all savvy investors wanting to purchase a "set & forget" type investment property. To label a few:
- 1-minute walk to Northcliffe Tram Station
- 2-minute walk to the beachfront & BMD Northcliffe Surf Club
- 4-minute walk to Q1 Observation Deck
- 10-minute walk to Cavil Avenue, Surfers Paradise
- 20-minute walk to Broad Beach along the beach
The potential for this property is one that will tick the boxes for many, with the options to:
- Purchase the property, land bank and keep as is,
- Purchase with the view to knock down and build a boutique development of Sky Homes as you are in an unlimited height zoned area and desirable locale (STCA),
- Convert the current dwelling into one large home,
- Knockdown the current home and build your own beachside house.
Further Features Include
- Land Area: 405m2
- Zone: High-Density Residential
- Potential for a 6-level apartment building containing 4 x 2-bedroom units & 1 x 3-bedroom unit, a community rooftop, and ample off-street secure car parking. (Rendered images are for illustration only. Prospective purchasers must undertake due diligence, searches, inquiries, advice to confirm future development with the Gold Coast City Council.
The owner has made it clear that this property is to be sold on or before the auction date and is looking at all serious offers prior to the auction day!
If you require any further questions answered about this property, please do not hesitate to call, I'll be more than happy to assist further.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Land Area - 405m2
1-minute walk to Northcliffe Tram Station
Returning Approximately $80,000 per/annum
4 units - 3 x 2-bedrooms & 1 x 1-bedroom unit
Potential for a 6-level apartment building (STCA)
2-minute walk to the beachfront & BMD Northcliffe Surf Club
Property History for 25 Thornton St, Surfers Paradise, QLD 4217
- 25 Nov 2020Listed for Sale AUCTION
- 13 Jul 2020Listed for Rent $320 / week
- 02 Apr 2019Listed for Rent - Price not available
Recent sales nearby
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About Surfers Paradise 4217
The size of Surfers Paradise is approximately 6.3 square kilometres. There are 20 parks, covering nearly 7.3% of the total area. The population of Surfers Paradise in 2016 was 23689 people. By 2021 the population was 26412 showing a population growth of 11.5% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation.In 2021, 45.00% of the homes in Surfers Paradise were owner-occupied compared with 39.90% in 2016.
Surfers Paradise has 25,707 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 49.69% increase in median value, while Units have seen a 81.50% increase. As at 31 July 2026:
- The median value for Houses in Surfers Paradise is $2,720,521 while the median value for Units is $847,007.
- Houses have a median rent of $1,350 while Units have a median rent of $770.
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