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Gold Coast

Broadbeach Waters waterfront trophy home sold for $5.7 million

Broadbeach Waters waterfront trophy home sold for $5.7 million (1)

An architect designed home nestled on a 1,608sqm block in Gold Coast’s Broadbeach Waters has been sold for $5.7 million.

The 853 sqm house at 327 Monago Street comprises 7 bedrooms, 7.5 bathrooms, designer kitchen and multiple indoor and outdoor living and entertaining areas.

The light-filled living and dining zone comes with wood-burning fireplace, custom-built cabinetry and electronic blinds.

Broadbeach Waters waterfront trophy home sold for $5.7 million (3)

There is an executive office with library, plus separate office or boardroom with separate entrance.

The home also features rumpus room, water frontage, outdoor dining pavilion, pool, and water features.

Broadbeach Waters waterfront trophy home sold for $5.7 million (2)

It is situated close to Albert Part, Star Casino and golden beaches.

Michael Kollosche and Ryan Ward from Kollosche Broadbeach sold the property.

It was last sold in 2015 for $3.15 million.

 

 

 

This article is republished from www.propertyobserver.com.au under a Creative Commons license. Read the original article.

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Developments

Surfing Mecca Inspires Two-Tower Development

Plans for a two-tower apartment building on the iconic Coolangatta headlands are taking shape with a development application lodged to the Gold Coast City Council.

S & S Projects, headed up by Paul Gedoun, have lodged plans for Esprit, consisting of 12-storey and 8-storey residential buildings with a total of 97 one, two and three-bedroom apartments.

Located two blocks from the iconic surfing mecca of Snapper Rocks, the Cottee Parker-designed development takes style cues from the beach and “celebrates the site’s coastal location”.

“The building’s design is inspired by nearby Snapper Rocks and the pockets of tidal pools formed over time,” the report said.

“Tinted glazing emulates the tranquil reflective waters, separated by striated layers of rock, represented by the facade’s horizontal banding. These horizontal elements layer across the building facade to form balcony edges that grow and build at the edges

“Surrounded by dramatic natural beauty, Esprit draws upon its context to create a design that encapsulates the desirable sub-tropical lifestyle of the Gold Coast.”

The 2492sq m site fronting both Boundary St and Ward St would provide ground floor commercial tenancies across the two interconnected buildings, and rooftop recreation areas.

Two-Tower Development

▲ The eight-storey tower would front Ward St and consist of 6 apartments and two retail offerings. Image: Cottee Parker 

According to the plans, the rooftop beach club would consist of a recreation deck, pool, private dining, and function space, gym, and cinema.

Two-storey buildings would be demolished to make way for the 12-storey development, which Urbis planners said was “sympathetic to its surroundings and in keeping with the scale and intensity of planned and existing development in the neighbourhood”.

The 12-storey building would accommodate 91 apartments, while the 8-storey building would accommodate six apartments.

With views to both the river and the ocean, Cottee Parker architects have tried to emulate the natural environs surrounding the headlands.

“The landscape architecture for Esprit focuses on the natural forces that constantly shape the headland, beaches and vegetation.

“The dynamic rock pools of Snapper Rocks form a primary inspiration for the development. Planting has been interwoven into multiple levels of both buildings and street edges.”

The council is expected to make a decision on the proposed development by the end of July.

If approved it will be S & S Projects’ third development in the Rainbow Bay area, following the Flow, and Awaken developments.

 

Article Source: www.theurbandeveloper.com

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Commercial Property

Gold Coast shopping mecca Pacific Fair up for sale

Gold Coast

Gold Coast shopping centre Pacific Fair is expected to be put up for sale  in what is likely to be the nation’s largest retail commercial property sale.

Long one of the iconic shopping and tourism destinations of the Gold Coast, the sale of Pacific Fair in Broadbeach is tipped to set a new benchmark price for sales of major shopping centres following the pandemic disruption.

Pacific Fair will be the fourth shopping centre on the Gold Coast to be sold or put on the market in the past three weeks.

The shopping centre that opened in 1977, and has been renovated and redeveloped six times, hosts 400 stores dining, fashion, luxury and global brand stores.

It is tipped to sell for around $1.8 billion.

Pacific Fair is owned by two investment funds, AMP Capital Retail Trust and AMP Capital Diversified Property Fund.

Both plan to sell their share.

AMP Capital Retail Trust has appointed Colliers International to sell its 80 per cent share in the centre. The AMP Capital Retail Trust ownership includes sovereign wealth fund Abu Dhabi Investment Authority, the Canada Pension Plan Investment Board.

An AMP Capital Retail Trust spokesperson today declined to comment on the potential sale.

The remaining 20 per cent stake, owned by the AMP Capital Diversified Property Fund (ADPF), is on the market separately. CBRE has been appointed for the sale.

The $5.4 billion ADPF fund merged in April with rival fund Dexus, after the implementation agreement was announced on the Australian Stock Exchange in March. Under the merger, Dexus had flagged its plans to sell assets.

The ADPF 20 per cent stake has been valued between $335.9m and $366m.

With the AMP Capital Retail Trust’s 80 per cent share, the total sale price is expected to top $1.8 billion.

Under it most recent $670-million overhaul in 2016, Pacific Fair was transformed into a destination resort-style precinct that turned it into Australia’s fourth largest shopping centre.

Pacific Fair’s expected entry to the commercial property market comes after a flurry of shopping centre sales on the Gold Coast.

In the past three weeks, the State Government’s fund manager, Queensland Investment Commission, revealed it planned to sell a 50 per cent stake in Westfield Helensvale.

In smaller sales, the southern Gold Coast neighbourhood shopping centre known as the “Man on the Bike” shops was sold for $6.2 million in early June.

A week earlier, the Miami Shopping Village sold to a Gold Coast investor for $9.1 million.

 

Article Source: inqld.com.au

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Developments

First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit

development

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space.

Fresh off the success of their nearby Flow and Awaken Residences, the Gold Coast developer S&S Projects has lodged plans for its latest coastal development.

They’re set to develop a mixed-use precinct at 217-227 Boundary Street Coolangatta, a few streets back from Rainbow Bay.

Above ground level retail will be two interconnected buildings designed by Cottee Parker Architects totalling 96 apartments.

The main residential tower will have 72-two bedroom apartments and 19-three bedroom apartments across 12 levels.

development

Located at the front of the precinct will be the more boutique tower of just eight levels, home to five three bedroom apartments and one four bedroom penthouse.

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space in the main tower.

The rooftop features a lap pool with day beds and spa and a full wellness centre with gym, sauna, steam room, ice bath and treatment room.

There’s a relaxation lawn, a communal kitchen with large dining space, bar, and private dining terrace with barbecue facilities which can be hired. There’s also two communal barbecue facilities next to a playground lawn.

S&S director Paul Gedoun says he has a fundamental belief in the southern Gold Coast, off the back of the exceptional success in Flow and Awaken.

“Our vision for our projects looks to enhance the community feel, creating dwellings that are in line with our liveable luxury trademark,” Gedoun says.

“We expect that this project will provide a positive impact in the local community with the amalgamation of several sites providing a master-planned approach to the area.

“We always strive to deliver high quality owner-occupier residences in prime locations, respecting the sense of community ownership and the surrounding environment and we’ve taken that vision to a new level with Esprit.”

S&S have seen great success at their nearby Awaken Residences at Rainbow Bay, where their recent $8.15 million sale of the two-level penthouse was the highest apartment sale recorded south of Mermaid Beach.

Only four of Awaken’s nine expansive whole floor apartments now remain, each set to go for upwards of $4 million each after more than $20 million in sales in the first five apartments to predominantly local and interstate buyers.

Flow Residences was named Australia’s fastest selling beachfront apartments following their $74 million sell-out in late October with apartments selling at an average $3.5 million. Construction is underway and is due for completion in 2022.

Esprit Design Statement

In the design statement submitted to the Gold Coast City Council, Cottee Parker Architects call Esprit “a unique architectural offering at Rainbow Bay, that is directly inspired by the rock pools and formations this part of the world is known for.

“The proposed development at 217-227 Boundary Street is a premium one of a kind development, comprising of two interconnected buildings across two street frontages.

development

“Surrounded by dramatic natural beauty, Esprit draws upon its context to create a design that encapsulates the desirable sub-tropical lifestyle of the Gold Coast. Boundary Street The building’s design is inspired by nearby Snapper Rocks and the pockets of tidal pools formed over time.

“Tinted glazing emulates the tranquil reflective waters, separated by striated layers of rock, represented by the facade’s horizontal banding. These horizontal elements layer across the building facade to form balcony edges that grow and build at the edges.

“Within these sheltered edges, landscaping grows to provide a small garden space to each unit, just like the pocket parks that are scattered throughout Coolangatta.”

 

Article Source: www.urban.com.au

 

 

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