Brian Flannery offers Gold Coast penthouse for almost $17m, Bill Grounds’ Palm Beach development complaints, Linda Young buys into Aqualand Blue

Linda Young, widow of AC/DC guitarist Malcolm Young, has paid up to $10m for an apartment above Sydney Harbour. The views may be worth it.

An impression of one of the pricier Aqualand Blue apartments at Lavender Bay in the North Sydney/Kirribilli area. Linda Young has paid up to $10m for a unit in the development.

Our new Blue at Lavender Bay Sales & Display Gallery is officially open!
Expect a totally immersive experience, allowing you to lose yourself in your dream residence.
Contact us on 1800 895 008 to book your exclusive appointment.#aqualandaus#blueatlavenderbaypic.twitter.com/cBYQibHBhg

— Aqualand Australia (@aqualandaus) August 13, 2018

Linda Young, wife of the late AC/DC guitarist Malcolm Young, has paid up to $10m for an apartment in Aqualand’s $420m Blue at Lavender Bay apartments development overlooking Sydney Harbour.

Malcolm Young performs in Melbourne in 2010. Picture: AAP

Malcolm Young, who was a co-founder of AC/DC, died in 2017. Linda Young will join NSW Governor Margaret Beazley at Blue, which has 129 luxury residences and where she has recently purchased a three-bedroom apartment.

Other notables in the complex include Munjed Al Muderis, the hip and knee orthopaedic surgeon and author. Aqualand is headed by 32-year-old property developer, Jin Lin.

‘It’s a Long Way to the Top’ was an early AC/DC band hit. Above, an impression of the view from Blue at Lavender Bay.

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Coal baron Brian Flannery asks $16.75m for Gold Coast penthouse

White Energy managing director Brian Flannery and wife Peggy have put a $16.75m price tag on their Miles Penthouse, which will sit atop their boutique apartment development on the shoreline of the Gold Coast’s Kirra Point.

Spanning 760sq m, the split-level apartment will feature a rooftop entertaining deck and private pool.

The penthouse will sport five bedrooms with ensuites, three separate living areas, and a gym atop the 118 residences within the Miles Residences development. All 118 residences have sold.

An impression of the exterior of a Miles Residences penthouse. 

KTQ Group director Jeremy Holmes said the penthouse would feature a 4.6m kitchen island and a private lift.

The Brisbane-based Flannerys were sighted over the Christmas holidays at the Salt development at Kingscliff, on the northern NSW coast.

The second penthouse in the development, which is being marketed by Tim Keenan of Keenan and Co, will be retained by the Flannery family. The penthouse is scheduled to be completed by mid-next year.

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Exec told to scale back Palm Beach mansion

Businessman and former Lendlease executive Bill Grounds in Las Vegas. Picture: Getty Images

Businessman and former Lendlease executive Bill Grounds – the older brother of former UBS chief Matthew Grounds who isnow co-executive chairman of investment bank Barrenjoey Capital Partners – has provoked the ire of Palm Beach residents, including former newsreader Jim Waley, with his plans to build a multistorey mansion.

Grounds, most recently based in Las Vegas as president and CEO of Infinity World, bought the 601sq m 13 Pacific Rd site in Palm Beach, north of Sydney, for $2.35m in 2008 and is planning construction of a multi-level mansion. The council rejected the plans, but the Land & Environment Court upheld Grounds’ plans on the proviso he scaled back some of the project, including the top floor.

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Sales high tide along coast

NSW coastal locations continue to produce wild real estate prices, with a Sydney family paying $7.25m for an Avoca Beach house not due for completion until March. The four-bedroom Warren St house, set a street back from the beach, comes with four bathrooms and a pool and was sold by McGrath Terrigal agent Trevor Hamilton via a private treaty campaign. The Central Coast house was developed on a 740sq m site. Meanwhile, south of Sydney, at Vincentia in Jervis Bay, a beach house has just sold for $5.2m. Set on a 733sq m beachfront site, the house features four bedrooms and two bathrooms and was sold by Yasmin Keller of Oz Combined Realty. It was built in 1990 but renovated last year. Prior to its renovation, the house last sold for $1.585m in mid-2011, according to CoreLogic.

Originally published as Brian Flannery offers Gold Coast penthouse for almost $17m, Bill Grounds’ Palm Beach development complaints, Linda Young buys into Aqualand Blue