Surfing royalty Mick Fanning has listed a Coolangatta apartment block he’s renovated since buying 14 years ago.
Fanning, who stepped away from professional surfing in 2018 having won three world championships over his near two decade professional career, paid $3.1 million for the tired 1980s brick block in 2007.
Now the Boundary Street building has a coastal white facade and each of the units and granny flats have been renovated.
There are two three bedroom apartments, one on the ground level and one on the second level.
Each unit has its own granny flat at the rear of the 505 sqm block. There’s a blank canvas back yard and two garages.
LJ Hooker Palm Beach agents David Lonie and Mishy Canning suggest the building can provide four incomes streams, around $770 to $800 a week for each apartment and $470 to $500 a week for the two granny flats.
Lonie and Canning have a February 7 auction on site at the block which is footsteps to Snapper Rocks. They advise there is potential for separate sales of the apartments.
Fanning will retain a foothold on the street. He owns the block of four two doors down, which he bought for $1.2 million in 2006, and the block next door to that, secured in 2005 for $1.39 million.
Coolangatta’s newest developments
Miles Residences Kirra Point
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225
Prices from: $545,000
Miles Residences at Kirra Point, the luxury redevelopment of the Kirra Beach Hotel by KTQ Group, is Coolangatta’s most impressive new developments. Already nearly 50 per cent of the 118 apartments have sold since their launch in December.
Designed by Woods Bagot, the project, which includes a pub and pavilion, is set to be completed in early 2023.
Maya Kirra Beach
Address: 1 Coyne Street, Coolangatta QLD 4225
Prices from: $1.93 million
Only a few residences remain in the top end Maya Kirra Beach block of just 15 three and four bedroom residences. The building, developed by Spyre Group and completed in September 2020, only has four bedroom apartments left starting at $1.93 million.
Article Source: www.urban.com.au
Tower reveal: Burleigh Heads set for new Koichi Takada apartment tower by FORME
The local developer Forme are set for their fifth luxury beachfront Gold Coast project.
They’ve submitted plans to the City of Gold Coast council for a 17 level tower of just 30 apartments, designed by the renowned architect Koichi Takada.
It’s the second time Forme have engaged Takada to design, after huge success with their other nearby Burleigh Heads developments Norfolk.
“Since the scaffold dropped at Norfolk, the building has quickly become an icon” Forme managing director David Calvisi says, with the architecture flooding social media. Even the popular beach photographer Aquabumps have prints available of the iconic facade.
“Norfolk has been a great success and it was important we carried the key elements of its success, mainly via the architecture, through the design at 96 The Esplanade”, Calvisi added.
The new development will home 23 half-floor apartments of around 220 sqm, as well as three full-floor residences with around 440 sqm of space.
Crowning the tower will be a special two level penthouse. Across its 790 sqm floor plate will be a gym, library, theatre and private rooftop pool.
The layouts of all of the apartments have been designed to maximise the views and take in natural light. The open plan living areas typically have bene oriented east to face the ocean, with more private spaces located at the rear of the building.
The Melbourne-based MIM Design is handling the interiors.
The Sydney-based Takada, who is rarely seen on boutique projects, said 96 Esplanade has been the work of the same team as Norfolk on an equally amazing waterfront site.
“Nature inspired architecture and organic curves are designed to maximise views to the ocean and light, capturing the beauty of the Gold Coast and the essence of coastal living,” Takada said.
“A simple and elegant design that is all about celebrating and maximising your connection with nature.The magical experience on this site is the direct connection to the water and the sky – like air, the design features are thin and light, almost invisible.
“The balconies float above the beach, reflecting the soft ripples of the waves below. Expansive balconies celebrate an outdoor lifestyle and open style living. Composed of materials that reference nature, the design is inspired by ripples on water that dissipate over time.”
Article Source: www.urban.com.au
Commercial Market Update – Gold Coast Cityscope April 2021
The latest research from Gold Coast Cityscope shows property sale figures have significantly decreased over the past three months. Sales recorded in the three months to March 2021 recorded 25 sales for a total of $64.3 million. Of this, $4.6 million was for commercial, $1.9 million was for commercial strata, $40.8 million was for retail, $5.1 million was for retail strata and $11.8 million was for other.
In comparison, the three months to December 2020 recorded 53 sales for a total of $106.8 million. Of this, $54.3 million was for commercial, $15.8 million was for commercial strata, $11.9 million was for retail, $15 million was for retail strata and $9.7 million was for other.
The latest data raises the 12-month total to over $371.7 million, only $7.4 million less than the previous 12-month period.
The table below shows sales recorded for the past eight updates of Gold Coast Cityscope:
The most significant sales recorded this quarter together totalled over $41.1 million.
Bunnings Robina has been sold for $28.05 million to David Feldman Developments Pty Ltd. Jacob Swan, Sam Hatcher and Nick Willis of JLL negotiated the sale, which represented an initial yield of 5.49% on a passing income of $1,540,531 (n). The 12,803 sqm warehouse was purpose built for Masters in March 2014 (Masters closed in late 2016) and converted for use by Bunnings 2018 (opened December 2018). The property includes car parking for 321 vehicles. Original development cost, $15.75 million.
Primewest Property Income Fund, an open-ended unlisted fund, has purchased Bluebird Early Education Centre in Robina for $7.25 million through Perpetual Corporate Trust Limited. The sale represented an initial yield of 5.86% on a passing income of $425,000 (n). The single-storey child care centre was purpose built in 2004 for Smarter Kids Kindergarten and was recently refurbished.
A Gold Coast investor has purchased 86 Bundall Road, prior to auction, for $5.8 million. The property includes a two-storey 2,017 sqm showroom/office building fronting Bundall Road and a single-storey, 90 sqm warehouse to the rear. Steven King and Marlon Crawford of Colliers International Gold Coast negotiated the sale.
Properties currently listed for sale include:
- 8-10 Windmill Street, Southport – a large warehouse to the rear with a ground floor showroom and first floor office space to the front. The property includes undercover car parking for 25 vehicles. Total building area around 1,645 sqm. For sale with an asking price of $4.25 million; agent, Corwells (Cody Hart).
- 3 Beach Road, Surfers Paradise – a 769 sqm vacant block of land. For sale with an asking price of $3.95 million; agent, Cushman & Wakefield Gold Coast (Richard McCouaig and Ed Howard).
- 46 Scottsdale Drive, Robina – a 4,719 sqm vacant block of land; agent, CBRE Gold Coast (Tania Moore and Mark Witheriff).
- 25 Griffith Street, Coolangatta – a two-storey building with a ground floor retail shop and a three-bedroom, two-bathroom residence upstairs. Building area, 348 sqm. The property includes a swimming pool and two-car garage to the rear. For sale with an asking price of $2.9 million; agent, Tsimos Commercial Real Estate (John Black).
Properties currently under contract (conditionally or unconditionally) include:
- 287 Scottsdale Drive, Robina – a 6,985 sqm vacant block of land, part of the M1 Business Precinct. Under contract; agent, CBRE Gold Coast (Mark Witheriff and David Corke).
- 9 Energy Circuit, Robina – a 4,781 sqm vacant block of land, part of the M1 Business Precinct. Under contract; agent, CBRE Gold Coast (Mark Witheriff and David Corke).
- 82 Griffith Street, Coolangatta – a 266 sqm, two-storey office building. Under conditional contract; agent, DJS Stringer Commercial (David Stringer).
- Home & Life Centre Robina – a 14,782 sqm home and retail precinct. Under contract; agents, JLL Brisbane and Savills Brisbane.
Article Source: www.corelogic.com.au
Grant Hackett’s luxury beach front pad on Gold Coast’s ‘Millionaires’ Row’ hits the market
Former Olympian Grant Hackett has listed his luxury beachfront pad on “Millionaires’ Row” on the Gold Coast in the hopes of upsizing in Melbourne.
The three-bedroom villa at 1/100 Hedges Avenue, Mermaid Beach is located on the most prestigious beachfront strip in Queensland, mere steps away from beaches and cafes.
Hackett grew up in the adjacent suburb of Mermaid Waters. He said the opportunity to buy the home six years ago was too good to resist.
“I decided to move back to the Gold Coast in 2014. Who doesn’t want to move to the Gold Coast and live on the beach?” Mr Hackett told Domain.
“It’s a perfect spot. Steps away from the beach and I absolutely fell in love with it straight away.”
In the last four years, the gold medallist known as one of Australia’s best long-distance swimmers has relocated to Melbourne with his family.
They have used the Gold Coast property as a holiday home since then and have decided it is time to sell.
“There’s no news yet but our family is growing down here in Melbourne,” Mr Hackett said. “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 home, which has a total space of 331 square metres, spans four levels and has a double lock-up garage in the basement plus visitor parking.
The property has open-plan living and dining rooms that showcase the beach views.
It also has a private internal lift to take residents up to the fourth-floor rooftop terrace with panoramic views of the Coolangatta coastline back to the mountains.
Selling agent Troy Dowker of Kollosche said he anticipated the luxury modern villa would be in high demand.
“A luxury style villa is few and far between,” he said. “You get rockstar views from the rooftop terrace. It is a pretty amazing space.”
The property last sold for $1.5 million in 2014, records show.
It is scheduled to go to auction on May 30 at 9am.
Article Source: www.domain.com.au
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