A HUGE unfinished house that is the biggest residence on the elite Sovereign Islands at Paradise Point has been put to market by mortgagee, the ANZ Bank.
The mansion, which sprawls over four blocks that cost $9.44 million in 2005, is to be auctioned on July 20.
The ANZ took possession of the Knightsbridge Parade East giant after taking court action in Australia and Singapore and evicting owner Clare Marks and husband Scott Tyne.
A new owner will face the expense of completing the 3004sq m house, which is believed to be only 80 per cent finished.
The six-bedroom, seven-bathroom mansion, which had an initial construction cost of $12 million, has been built to very high standards.
It has triple-glazed windows with hand-beaten copper framing, exterior pillars that are 100 per cent travertine, thick interior doors that have aluminium running through them to prevent twisting and foundations that one observer says would support a 10-storey building.
Ms Marks and her family were living in a completed wing of the house when they were evicted.
David Vertullo and Chris Moyer, of The Professionals Vertullo Real Estate, are marketing the property.
The ANZ gained an order in the Supreme Court, Brisbane, in October to take possession of the house, an order which Ms Marks unsuccessfully appealed against.
She later said she had declined a bank offer to lease her the house at $3000 a week because she could not afford the rent and, in her words, was left `homeless’.
Ms Marks is an accountant operating a practice at Paradise Point.
Previously she ran a similar business in the UK for five years.
Former Mallesons lawyer Mr Tyne has been locked in a $2 billion-plus legal suit against AXA Asia Pacific (now part of AMP) over cancelled life insurance policies called Prosperity Bonds.
The ANZ’s move to take possession of the Sovereign Islands house came after interest payments were not made on a multi-currency credit facility for up to $15 million.
The facility was secured by a first mortgage over the house and by personal guarantees from Ms Marks and Mr Tyne.
The bank’s decision to auction the property comes as there are signs of renewed life in the Sovereign Islands market after a rough period in which distress sales have seen prices under severe pressure.
One street, King Charles Drive, has seen seven sales in five weeks at prices from $1.3 million to $2.7 million.
Among those who have been active in the market is billionaire Clive Palmer who, with family members, owns at least nine Sovereign Islands properties.
The record for a house on the islands is $11 million, paid in 2006 for Baltimore, a seven-bedroom Royal Albert Crescent home.
Owner Susan Lillioja has since marketed it at $19.5 million.
Original Article published at www.Couriermail.com.au by Quentin Tod, Gold Coast Bulletin 12/6/2013
$2.55 million sale in Le Bain tops Brisbane’s trophy apartment results
A $2.55 million sale in the Le Bain complex was the priciest revealed apartment sale of the past week across Brisbane.
The sale of 1502/22 Wyandra Street, Newstead was secured by City Realty agent Ari Sharbazifar who notified the sale to major websites on May 4.
The marketing advised Le Bain’s final penthouse release offered 220 sqm internal and external layout. There was 40 sqm wrap around balcony with sunset views over the Brisbane CBD.
“Le Bain is walking distance to local must-haves, Total Fusion Platinum, The Standard Market, Wine Emporium, Woolworths Gasworks (QLD top Woolworths), Newstead Organics, Gasworks Medical Practice, Terry White Pharmacy and a multitude of top restaurants with takeaway/pickup options such as Hellenika, SK and Beccofino,” the marketing noted.
Residents shared the rooftop amenity which features a pool, magnesium wellness spa and a traditional Finnish sauna.
There is also a private fitness club featuring an external 25-metre long multipurpose lawn for stretching, sprints, lunges and yoga.
Residents can access the private dining room with fully equipped chef’s kitchen.
Le Bain’s 15 levels feature 128 one, two and three bedroom apartments. The complex was developed by Cavcorp, who offer a 50 year structural guarantee on every project.
Le Bain was Cavcorp’s eighth project on the Newstead peninsula since being founded by the Cavallucci family in 2003.
Their prior projects include Kurv, One Oak and Lucent.
Its upcoming project in Luminare.
Article Source: www.urban.com.au
Grant Hackett’s luxury Gold Coast beachfront villa snapped up in five days for $2.625m
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
Beautiful Queenslanders: Family home goals in Brisbane’s inner south
A Brisbane property power couple have placed their exquisite Queenslander on the market – offering a timeless slice of renovated real estate they say was the ultimate pandemic-proof paradise.
Dubbed ‘Magnolia’ and perched on a rare 1012-square-metre parcel ensconced in greenery, the magnificent five-bedroom homestead, at 108 Plimsoll Street, Greenslopes, was slowly transformed from an ageing cottage into a luxurious family abode by James and Angela Curtain, of Place Estate Agents Woolloongabba – with the result being a masterclass in old-world charm and modern elegance.
Featuring a wine cellar, a glass-framed saltwater pool, wool carpets and a carefully crafted layout blending resort sophistication with warmth and functionality – the home oozes a sense of style that Mrs Curtain said they spent over a decade cultivating before finally deciding it was time to downsize.
“This is one of our more memorable renovations and, because we’ve lived in it for longer than any other home, we will miss it,” Mrs Curtain said.
“We’ve hosted big family Christmases here and two 21st birthdays. We have lived in it and loved it for 12 years and even during COVID we had all our family here. We had our three boys and even their girlfriends and we had some beautiful times just cooking and entertaining and drinking wine so that it (the quarantine) was actually wonderful.”
The couple, who have had a long love affair with the quintessential Queenslander, said it was easy to see the potential of the grand old abode all those years ago, inspiring them to snap up the property off-market and undertake a series of major makeovers that included removing an old forte, extending the second level and transforming the carport underneath the house.
“We have moved quite a lot and we have renovated homes and built them, but then we found Plimsoll Street and we fell in love in with this home and the potential it had,” Mrs Curtain said.
“Because it was in its original form it had all the original fretwork there and the beginnings of some beautiful gardens with magnolia trees and then there was the privacy of the pool which we loved.
“But the garage was underneath the house and it wasn’t built in at all. It was just cement floors. Up the back was an old forte and that in time we got rid of and we also carpeted all the bedrooms.
“In the last three years, we completely renovated the whole home and we dug in underneath the garage. We’ve put in a new kitchen with marble, we built in the side verandah and created the study with timber shutters that provided a closed in space. We also installed an internal staircase to go downstairs to the wine cellar.”
With attention to detail at the forefront (an aspect of renovating that Mrs Curtain said was arguably the most important) the home now features a fireplace, three bathrooms, a full-sized home office, a home gym, the insulated wine cellar with a humidifier and 130 square metres of lawn alongside the kitchen, which opens up to the al fresco area with a professional bar set-up.
Additional elements include the airconditioning, ceiling fans, automated awnings and an outdoor firepit, alongside a full push sound and vision technology system on both levels that add modern functionality to the original character features such as high ceilings, VJ walls and timberwork.
For Mr Curtain, who is the Woolloongabba office director, these features combine to make an incredible family abode with the x-factor being the land.
“The thing that first caught my eye was (not only) the 1000-square-metre block but that both of the neighbouring blocks are the same size and even the blocks behind are of a similar size so you have a great sense of space from your neighbours,” Mr Curtain said.
“It offers a beautiful level of privacy and it’s a great place to relax and getaway. The other thing when we bought it is I could see that the living spaces had the ability to be transformed into the type of space we wanted.
“As a real estate agent, you do look at a lot of beautiful properties but the ones you think will work for you are few and far between.”
While they love the enduring style of the classic Queenslander while understanding the intricate details that make a home work for the modern family, even they couldn’t have predicted just how much their meticulous renovation would suit a post-pandemic world.
“I think you can see now that post-COVID there is a greater pressure to study from home and work from home and even the fact that we haven’t had the ability to travel means the space we have has become more critical,” Mr Curtain said.
“When we were renovating, we weren’t expecting it but when it [COVID] struck we were more than comfortable and able to accommodate teenage boys and girlfriends but also maintain our exercise and then when it came to entertaining and that wine cellar (we were thrilled).
“We are certainly going to miss the house and it will be a difficult transition but it’s time to move on.”
The property will go up for auction on May 15 at 11am through Denis Najzar and Chris Dixon, of Place Woolloongabba, and has already accrued buyer interest from locals, interstate buyers and offshore home-hunters.
Article Source: www.domain.com.au
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