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Back 2/59 Peninsular Dr
Off Market

2/59 Peninsular Dr

Surfers Paradise QLD 4217

2
1
1
0 m²
Unit
Last sold for $570,000
Rob RossRob Ross, last sold this property on 26 June 2025 after 49 days on market.

Overview

Investor Alert – Prime Riverfront Asset with Immediate Returns

Positioned in a tightly held complex on 841m² of blue-chip land, this property presents an outstanding opportunity for investors looking to secure a high-potential asset in the heart of Surfers Paradise. With the beach just 700m away and rental income already in place, this is a rare find offering both cash flow and capital growth potential. Currently leased at $550 per week until February 2026, this property provides immediate rental return with the security of a long-term tenant – ideal for investors seeking stability with future upside. Key Investment Highlights: ✅ Rental income: $550/week until Feb 2026 ✅ Low outgoings: Body corp approx. $72/week ✅ 2-bedroom unit – approx. 87m², 2nd floor ✅ Pet-friendly complex of just 12 units ✅ Lock-up garage with extra space – rare bonus ✅ East-facing balcony with skyline views – high tenant appeal ✅ Renovation potential – increase capital value and rent Location Advantages: ✅ 700m to the beach – strong long-term demand ✅ Walk to Cavill Ave (5 mins) – dining, nightlife, shopping ✅ Close to light rail (G:link) and HOPO Ferry – excellent connectivity ✅ Strong rental demand from professionals, students, holiday makers ✅ Located in high-growth Surfers Paradise precinct Future Potential: ✅ Renovate to add value – increase rental return & equity ✅ Ideal land-banking opportunity with 841m² site ✅ Boutique building – potential for future redevelopment (STCA) ✅ Rare holding in one of Gold Coast's most in-demand corridors ✅ Genuine long-term investment potential in a location that continues to outperform. 📞 Contact Rob Ross on 0492 946 054 for more details or to arrange a private inspection. 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. * denotes approximate measurements.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
0 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Surfers Paradise over the last 12 months, the estimated median property value of 2/59 Peninsular Dr is $811k.

Median value
$811k
Estimated value range
$500k - $1.5m
Median days on market
36
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Surfers Paradise. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/59 Peninsular Dr

2025
Sold
$570,000
26 Jun 2025 by Rob Ross, of Harcourts Property Hub
2024
Rented
Undisclosed
Leased on 22 Jul 2024 by Coronis Gold Coast
2019
Sold
$235,000
Private Sale/Treaty on 12 Dec 2019 by Glenn Shillig, of Ray White Surfers Paradise

Happy sellers in Surfers Paradise

87%
87% of sellers in Surfers Paradise reported that their sale price either exceeded or met their price expectations.

Surfers Paradise stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 188 reviews in Surfers Paradise over the last 12 months.

Local market activity for 2 bedroom units in Surfers Paradise

In the last 12 months, 110 two-bedroom units similar to 2/59 Peninsular Dr, have been sold.

This represents a 3% decrease in two-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Surfers Paradise

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Katrina Keegan

Sellers who recommend Katrina Keegan have praised them for being clear communication, local expert, responsive, reliable, supportive, well-prepared and great negotiation

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Max Kenny

Sellers who recommend Max Kenny have praised them for being clear communication, local expert, responsive, honest, reliable, well-prepared and friendly

  •   5   (320 reviews)
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Jordan Thams

Sellers who recommend Jordan Thams have praised them for being clear communication, local expert, responsive, reliable, honest, well-prepared and great negotiation

  •   4.9   (394 reviews)
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  •  38 Sales in Surfers Paradise
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Martin Pomeroy

Martin Pomeroy is a recommended agent for Surfers Paradise.  They have 22 local sales and collected 13 local reviews across the last 12 months.

  •   5   (49 reviews)
  •  13 Reviews in Surfers Paradise
  •  22 Sales in Surfers Paradise
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