Adam Scott sells island home, agents in pricey buys, & Sunland’s `no comment’ on Spit sell-off

BUSINESS GOSSIP: Pro golfer Adam Scott sells property he’d already bought twice, property agents join high-end sales fray, council struggles for feedback and Sunland response to speculation on Mariners Cove. The week’s business gossip is here

Adam Scott has sold his villa on Hope Island.

FORMER US Masters golf title winner Adam Scott has emerged in an up-and-down situation on a lengthy investment in a villa on Hope Island.

The father-of- two, then an eligible bachelor, bought a waterfront villa in the 30-year-old Sanctuary Bay community in Boykambil Esplanade for $210,000 16 years ago.

Adam, who has a large home within the Sanctuary Cove resort, transferred the Boykambil Esplanade villa into company TASC at $600,000 four years later and now has sold it for $525,000.

Back in 2004 Adam made a took a fancy to beachfront Surfers Paradise tower Jade and bought two titles off the plan for $4.4 million each.

He subsequently sold one for $5.95 million and the other for $1.94 million.

The buyer who paid him the $5.95 million took a hiding — he exited Jade during the GFC for $3 million.

Boykambil Esplanade, Hope Island, where Adam Scott just sold a villa.

SOMETIMES council bureaucrats have a rough time of it.

Recently Gold Coast City Council sought feedback from the restaurant industry on outdoor dining guidelines intended to enhance the Glitter Strip’s cosmopolitan feel.

The Restaurant and Catering Association (peak industry body representing 35,000 businesses) and Restaurant Industry Support Gold Coast were both contacted for feedback but neither group responded.

Council then threw it open to other groups including Main Beach Progress Association, Gold Coast chambers of commerce, Surfers Paradise Alliance and others, still with no feedback.

In a last-ditch attempt to garner some, any response, the council publicised the guidelines on the ‘Have Your Say’ section of its web page.

And the number of responses out of 39 page visits? One.

The sole respondent wrote: “I have no interest in the business side of this, but as a consumer I would love to have more options for beach dining — cafes or small restaurants sited discretely like Rick Shores at Burleigh Heads.”

The council’s conclusion from this almost complete lack of interest?

“The minimal feedback received on the issue would indicate that the proposed guidelines are not considered contentious and it is therefore proposed to proceed with the implementation of the guidelines.”

Sometimes rounding up feedback is like pulling teeth.

No-one wanted to talk to the council about outdoor dining.

ANY speculation the valuable land under Sunland’s disallowed Mariners Cove project is for sale will not be entertained by Soheil Abedian.

The developer’s grand plans for the Spit, a vast mixed-use residential and hotel development designed by world-renowned architect Zaha Hadid, are on indefinite hold as a master plan for the area is developed.

There may be whispers the group has fielded offers for the site — but Mr Abedian is having none of it.

“As a leading listed development company, Sunland does not comment on market speculation,” he told Bizzy Bits.

Sunland has not let the Spit setback break their stride — they lodged plans with the Gold Coast City Council for a $200 million, two-level centre at Clear Island Waters just before Christmas and also have plans under way at Main Beach and Greenmount, among others.

The Mariner.AFTER years of selling properties on the northern Gold Coast, First National property agent Ashley Waldron has nabbed his own piece of Paradise Point — or more specifically, Sovereign Islands.Mr Waldron has picked up a bargain at Knightsbridge Pde, a five-bedroom, five-bathroom canal-front home with a pontoon and an eight-car garage.The home was built in 2008 and sold after 22 days on the market, where it was listed at $2.5 million by sellers were Barbara and David Jeynes, who bought it for $2.15 million just a year before they sold it.The Jeyneses are no strangers to buying and selling on the exclusive islands — they have another mansion around the corner at Royal Albert Crescent which has been on the market since August 2016.That home is just a few doors down from another home at Royal Albert owned by Mr Waldron. Perhaps he can give them a hand selling it. ASH Waldron isn’t the only real estate type dropping dosh on decent digs of late — the market is humming and Colliers commercial property agent Andrew Spottiswood has also been on the buy.A company linked to Mr Spottiswood settled on an apartment in the Rivage Royale building on the Nerang River in Southport for $1.165 million.The purchase was made just a month after Mr Spottiswood splashed $900,000 on beachfront unit at Garfield Tce in Surfers Paradise.