A luxury Gold Coast pad owned by former Olympian Grant Hackett and located on “Millionaires’ Row” has sold after being on the market for just five days, fetching $2.625 million.
The three-bedroom villa at 1/100 Hedges Avenue, Mermaid Beach, is on the most prestigious beachfront strip in Queensland, metres from the beach and local cafes.
Listing agent Troy Dowker, of Broadbeach-based real estate agency Kollosche, said it was one of quickest sales he had been involved in.
“We received three cash, unconditional offers within about 36 hours,” he said.
“And, on Tuesday, we had it sold for $2.625 million.”
The contemporary home, which spans 331 square metres over four levels, boasts multiple, open-plan living spaces and floor-to-ceiling glass doors and windows designed to make the most of the stunning ocean views.
Its most appealing feature is the fourth-floor rooftop terrace with a barbecue kitchen and al fresco dining and panoramic views of the Coolangatta coastline back to the mountains.
It also boasts two double lock-up garages and visitor parking, plus a private internal lift to take residents from the basement garage to the show-stopping rooftop terrace.
Hackett, who grew up in the adjacent suburb of Mermaid Waters, bought the home in 2014 for $1.5 million, public records show.
“It’s a perfect spot. Steps away from the beach and I absolutely fell in love with it straight away,” Mr Hackett said earlier.
In the past four years, the gold medallist known as one of Australia’s best long-distance swimmers, has relocated to Melbourne with his family.
While they have used the Gold Coast property as a holiday home since, they have decided it is time to sell so they can upsize in Melbourne.
“There’s no news yet but our family is growing down here in Melbourne,” Mr Hackett said last week. “We want to get a bigger property down here in Melbourne.
“When we do go up [to the Gold Coast] we are spending all our time with our family. It doesn’t make sense to hold such a beautiful property any longer.
“From our perspective, we’re sad to see it go but I’m sure someone else will get some pleasure out of it.”
The bright-and-breezy luxury beach pad was scheduled to go to auction on May 30 but strong buyer interest meant it sold more than three weeks beforehand.
Mr Dowker said he received offers from a local buyer and a Sydney buyer but it was snapped up by a buyer from Toowoomba, who had been looking for a holiday home in the area for more than a year.
While Mr Dowker said he anticipated the luxury modern villa to be in high demand, he didn’t expect it to sell so quickly.
“It’s an incredible home, particularly with those multiple levels of living, a really fresh, modern feel that is timeless, and then that incredible rooftop space with those 270 degree views,” he said. “It’s just got so much appeal.”
Article Source: www.domain.com.au
Gold Coast shopping mecca Pacific Fair up for sale
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
First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit
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.
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.
“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
Devine Unveils $340m Golden Tower for Gold Coast
Devine Development Group is planning to build a 38-storey golden tower on a beachfront site in Surfers Paradise after picking up the site with previously approved plans.
The $340-million development includes 108 apartments with an average price point of $3 million for the site at 7-9 Northcliffe Terrace.
It will be Devine’s second Gold Coast tower, adding to its long-held plans for Alba Residences in north Burleigh.
Devine bought the 2251sq m Surfers Paradise site, with a 2017 development approval, for $45 million from Macroland Developments.
According to the extension application, the original developer had delayed the project due to the pandemic.
“The reason for the request is likely to be similar to that of other developers seeking such endorsement as a result of economic conditions and uncertainty in the marketplace regarding costs, supply, demand and forecast revenue,” the application stated.
The Gold Coast property sector defied the pandemic downturn and became one of the strongest markets in the country with apartment sales surging 97 per cent in the first quarter on 2021 and extremely tight vacancy rates.
The site, currently home to the Surfers Royale hotel, is 300m from Alceon and Sammut’s 35-storey Coast development for 49 apartments.
The new application for the tower, to be called Royale Gold Coast, was designed by DKO Architecture while Mim Design has been appointed for the interior design.
Devine chief executive David Devine said his team had been looking for an ultra-premium site for some time.
“The vision for Royale Gold Coast is a landmark building of high distinction, with premium residential apartments that will redefine luxury absolute beachfront living,” Devine said.
Total Property Group managing director Adrian Parsons said they were marketing the apartments to a new profile of buyers.
“There has been a big shift in the market with people now having the flexibility to work remotely, giving them the freedom to choose where they live,” Parsons said.
“The prestige apartment market in south-east Queensland, and in particular the Gold Coast, is buzzing with buyers from Sydney, Melbourne and Brisbane looking for lifestyle opportunities to either relocate or enjoy as a holiday home on the Gold Coast.”
The Royale Gold Coast would have two-, three- and four-bedroom apartments along with “sky homes” and penthouses.
A concierge, wellness centre, gym, treatment rooms, cinema, library, executive lounge, bar, whiskey locker, three pools and a commercial kitchen for caterers are also part of the plans.
Article Source: www.theurbandeveloper.com
Property Management6 years ago
7 Common GST Mistakes On Property
Residential5 years ago
Ipswich Proves Frontier In Affordable Housing
Infrastructure3 years ago
Decision on horizon for key marina section of huge North Harbour development at Burpengary
Market Place3 years ago
How to make $1 million ‘flipping’ houses
Market Place3 years ago
Moreton Bay makes top 10 list of places to invest in property
Infrastructure2 years ago
Watch: Route of Gold Coast’s new ‘M2’ motorway revealed [video]
Market Place3 years ago
Affordable acreage suburbs within 20km of the Brisbane CBD
Developments3 years ago
Brisbane and interstate investors drawn to up-and-coming King Street precinct