616 Pacific ParadeTugun QLD 4224
Property Details for 616 Pacific Pde, Tugun
616 Pacific Pde, Tugun is a 17 bedroom, 8 bathroom Unit with 7 parking spaces. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
Last Listing description (July 2017)
Super charge your property portfolio with these 8 modern income producing units overlooking one of The Gold Coasts best beaches. Sprawled across a large 810m * beachfront land holding with superior 20m* wide frontage, this exciting investment opportunity will let you hit the ground running with immediate strong returns and also provides further scope and upside to maximise a greater yield. Located in a highly sought after beach enclave and complimented by multi-million dollar homes, the building complex was extensively redeveloped in 2014 by local master builder Alan Blenkins incorporating high quality craftsmanship with coastal modern design.
- To be sold as freehold, non strata titled units - not for sale individually
- Blue chip beachfront investment / enterprise unique to The Gold Coast
- Occupy and enjoy one residence and benefit with rental returns from the rest
- Coastal modern design, mixture of polished concrete and hardwood timber floors
- Be the sole investor or form a syndicate, ideal super fund investment
- Optional beachfront residence as a large family compound
- Secure undercover parking, counter levered ocean view decks
- Currently returning $300,000* gross per annum from 6 units with scope to increase yield to approx $500,000 - $550,000* gross per annum (from all 8 units)
- Annual income is still growing with repeat customers and higher occupancy rate
- No body corporate levies, beachfront terrace and BBQ area
- 8 low energy units in total comprising of 2 x 3 bed, 5 x 2 bed and 1 x 1 bed
- All units are air conditioned with laundry, solar power electricity
- Walk to a choice of cafes, fresh produce in Tugun Village and SLSC
- Full Property Information Memorandum available on request
Please contact agent for inspection times.
*approx
Property History for 616 Pacific Pde, Tugun, QLD 4224
- 17 Mar 2017Sold for $4,100,000
- 31 Mar 2016Listed for Sale $4,695,000
- 07 Dec 2012Sold for $2,900,000
Recent sales nearby
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About Tugun 4224
The size of Tugun is approximately 3.0 square kilometres. It has 15 parks covering nearly 20.5% of total area. The population of Tugun in 2016 was 6588 people. By 2021 the population was 7175 showing a population growth of 8.9% in the area during that time. The predominant age group in Tugun is 30-39 years. Households in Tugun are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tugun work in a professional occupation.In 2021, 67.60% of the homes in Tugun were owner-occupied compared with 62.50% in 2016.
Tugun has 3,849 properties. Over the last 5 years, Houses in Tugun have seen a 102.03% increase in median value, while Units have seen a 114.40% increase. As at 31 December 2025:
- The median value for Houses in Tugun is $1,610,039 while the median value for Units is $1,218,310.
- Houses have a median rent of $950 while Units have a median rent of $770.
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