Gold Coast real estate: Record sales, multi-million dollar expansions
Kool Kids boss drops $4.75 million on Southport property expansion, plus another real estate player snaps up $8m riverfront home. MORE DETAILS >>>
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STEVE Anderson, founder and former owner of Hayman Homes, and wife Maree have emerged as the new owners of a large site that has set an $8m record for riverfront Paradise Waters address Admiralty Ave.
They’re planning a family home on the 1600sq m lot, once graced by a four-level house built by hair-twirler Steve “Stefan” Ackerie.
The Andersons in March sold a beachfront site at Main Beach on which Kiwi Dan Andrews is planning a tower called Dune.
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BRUCE Coulson, whose business forte is the child-care industry, has spent $4.75m to expand his property holding on a plum Southport corner.
He’s bought the two-title long-time home of an upmarket furniture business on the high-exposure corner of Ferry Rd and Queen St.
Bruce, who last year sold a home for a riverfront record $27m, already owns an adjoining title which is the Southport campus for his Kool Kids training college for child-care staff.
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JAMES Frizelle and son Brett, motor identities, have undertaken a $20.7m property shuffle in the wake of the selloff of the family business.
The property at Robina that’s home to a Frizelle Sunshine used-car yard has been transferred from a company father-and-son jointly own to one solely owned by Brett.
The Frizelle Sunshine dealership businesses today are owned by the listed Peter Warren Automotive group, which in May paid the Frizelles $80m for their Southport properties.
Shopping centre shake-up planned for 'doorstep of light rail route'
June 14: The city’s busiest apartment tower developer is “storing” his faith in a new venture – delivering a Woolworths outlet in his home suburb.
Mr Morris has secured a Woolworths Metro store as the key tenant in a new Mermaid Plaza retail and commercial centre at Mermaid Beach.
The $60 million centre, fronting the Gold Coast Highway on the doorstep of the planned Mermaid Beach light-rail station, is expected to be completed by March 2023.
It will include five floors of offices, basement parking for 223 cars, and will also have a frontage to Markeri St.
The 1500sqm Woolworths Metro supermarket will be accompanied by 1115sqm of ground-floor retail, medical and food tenancies.
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The Metro stores are small-format ones that focus on fresh food and convenience.
The plaza’s retail space is 85 per cent committed, with tenants including the Chempro pharmacy chain.
Mr Morris’s MPG group will occupy up to 300sqm in one of the office wing’s 800sqm-plus floors.
“The new Mermaid Plaza will enhance the Mermaid Beach village and bring much-needed amenities and services to the residents and workforce in the suburb.
“The addition of light rail from Broadbeach to Burleigh will further improve accessibility to the suburb, with Mermaid Plaza station being a key transport hub for the network.
“We’re excited to be part of this evolution of Mermaid Beach.”
Mr Morris said MPG’s construction team had completed demolition, site clearing, piling and shoring on the Mermaid Plaza site.
Mr Morris, a former Canberrean who lives on the beachfront at Mermaid Beach, has been involved in a series of high-rises between Broadbeach and Burleigh Heads since 2006.
He has two new towers under construction — Opus in Broadbeach and Sandbar in Burleigh — and has acquired a site for a new Broadbeach high-rise.
The new plaza is Mr Morris’s MPG group’s third Mermaid Beach development, coming after the sellout Otto building in 2019 and build-to-rent project Oceans in 2020.
It will rise on a 4594sqm site made up of the former Mermaid Beach Plaza and two adjoining properties.
The holding was acquired between 2017 and 2019 at a cost of $11.275 million.
New $16M deal in works for ageing unit block - July 2020
A NEW party is believed poised to take over a $16 million deal to buy the 50-year-old Anglesea Court apartment block on the beachfront in Surfers Paradise.
The move would see Sydney’s Lawrence Ryko and associates, who signed up for the amalgamated six-level building last year, step aside.
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They last year gained development approval for a 13-level hotel with ground-floor retail but earlier this year were trying to sell the 1012sq m Garfield Tce site.
TOOWOOMBA BROTHERS SWOOP ON LUXE UNITS
PAUL and Mick Gardner, two of the brothers in Toowoomba family building and engineering group FKG, have taken a near $8 million liking to beachfront life in Surfers Paradise.
They’ve emerged as buyers – off the plan, as it transpires — in the completed 116 The Esplanade tower, each snaring a full floor.
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They and the 40-year-old FKG group are no strangers to the Gold Coast, with projects including the National Storage building at Bundall.
MOVE TO DUMP BANKRUPTCY TRUSTEE
TWO Gold Coast lenders who took actions that were a prelude to the bankruptcy of lawyer Rory Quinn, and are owed more than $8 million, want her bankruptcy trustee replaced.
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Steve Anderson, via Spa Investments, and Steve Stefanowicz, through Pioneer Investments, won in court last year over mortgage guarantees relating to a Yeppoon property.
They’re on Wednesday asking Rory’s creditors to vote to replace Worrells’ Jason Bettles with insolvency practice partners Mark Pearce and Andrew Heers.
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