• A SURFERS Paradise holiday unit is on the market for the rock-bottom price of $98,000 — but there’s a catch.

The new owners can’t live in it and won’t make a cent for the next six years.

Glenn Shillig of Ray White Surfers Paradise is marketing the “lowest priced unit in Surfers Paradise” and said the one-bedroom unit in the Alpha Sovereign Hotel has a lease in place with the on-site managers.

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Agent Glenn Shillig of Ray White Surfers Paradise in front of the Alpha Sovereign Hotel. Photo: Glenn Hampson