Jamie-Lee Edwards: Burleigh Heads property figures $7.5m profit on unit sale

A property figure who has enjoyed glamorous success in the luxury apartment market, has scored a notable double but not at the races.

Jamie-Lee Edwards, a property figure who has enjoyed glamorous success in the luxury apartment market, has scored a notable double but not at the races.

The 34-year-old agent last year bought an oceanfront apartment at Burleigh Heads for $1.75 million and has sold it for $9.342 million.

At the same time the owner of company JLE Burleigh Heads has gained a share in the entity that bought her out and which has moved to ownership of a site approved for a luxury tower.

That company involves Dean Pask, the son of property billionaire the late Nev Pask, and owner of a $25 million home in Mermaid Beach’s oceanfront Multi-Millionaires’ Row.

Terrasole has paid just over $23 million to buy out all the owners in Tobermory, a two-level brick low-rise on The Esplanade.

216 The Esplanade tower would sit between the Solnamara building and the Mediterranean

Those owners included veteran Brisbane developer David Devine, who owned a third of the building.

Approval was won in February for an 18-level tower with 28 apartments on the 1012 sqm Tobermory site.

Curiously, that approval was gained by JLE Projects, a company in which international traveller Jamie-Lee does not figure.

It is controlled by 46-year-old Jaime (correct) Lauren Langford-Ely of Alexandra Headland.

The company that has bought the Tobermory site, Terrasole, has Jamie-Lee and Dean Pask as its directors and the shareholders are Jamie-Lee and a Pask finance arm.

The Pask-Edwards team has plenty of experience in the top-shelf apartment market.

Dean for several years ran the Pask Group’s major activities in Melbourne, including producing boutique up-market apartment buildings.

He signalled high-rise ambitions in 2021 when he made an unsuccessful $25 million tilt at beachfront redevelopment proposition the Hibiscus tower at Main Beach.

Jamie-Lee has been the marketing face of Brisbane’s Forme group on the Gold Coast.

She’s notably led the sellout of big-ticket boutique buildings Norfolk and Luna in Burleigh Heads oceanfront address Goodwin Tce.

Jamie-Lee Edwards.

In fact, she didn’t just sell them – she also was a buyer, spending $3.2 million on a Luna apartment.

Earlier in the year it appeared that David Devine, who has a penchant for the northern end of The Esplanade, might be in line to develop the Tobermory site.

His two-unit stake put him in the box seat to buy out the other owners in the low-rise.

He’d earlier launched a tower called Alba along the street, with Jamie-Lee handling the marketing of what was a fast-selling project.

Then former house-builder David got the opportunity to enlarge the Alba site, ditched the project, and unveiled a bigger tower, Burly.

The marketing role didn’t go to Jamie-Lee.

The Devine holding in Tobermory cost $3.091 million but it wasn’t a money-maker -- he sold to the Pask-Edwards entity for exactly that amount.

Meanwhile, Jamie-Lee wasn’t the only major winner in the buyout of the Tobermory units.

Owners who bought a unit for $625,000 in 2006 have sold to the Pask-Edwards camp for $4.25 million.

The 18-floor building earmarked for the Tobermory holding would look down on its 11-level neighbours -- the Solnamara building and the twin Raptis-built Mediterranean towers.

ISLAND PLUNGE

Sherpa Property Group CEO Christie Leet.

Christie Leet, a Whitsundays real estate principal who dived into development on the Gold Coast and northern NSW five years ago, has taken a near $11 million plunge into the Chevron Island riverfront.

He’s emerged as the buyer of the 1710 sqm Aroona Marina holding in Chevron Island’s Stanhill Drive, part owned by fellow property figures Steve Anderson and Mark Howard.

Aroona, home to multiple unit buildings on a northeast bend, was put on the market more than a year ago.

Christie and his Sherpa group could add a new Perspective to Chevron – that’s the name of boutique top-shelf ventures they have embarked upon from Biggera Waters to Palm Beach.

SOUTHPORT FAN

Joe Gorski, founder of office-supplies business BBC, is continuing to bank on the future of Southport, this time with a $7.6 million buy.

A Gorski entity has bought the two-floor Scarborough St building that houses a National Australia Bank branch and is next to one of the other Goski investments, the Kaybank Plaza office building.

Joe paid $5.8 million for the five-level plaza seven years ago and in 2020 spent $4 million on a near 2000 sqm site in Davenport St occupied by two buildings and viewed as redevelopment proposition.

LAST DRINKS

John Hembrow

John Hembrow, former owner of Bundall’s One 50 Public House, has moved to call last drinks at his five-building Vantage apartments community at Benowa.

The Rayjon Group boss has put the management rights to the project on the market, even though one tower, delayed by the collapse of builder Condev, is not completed.

John, developer of the Christine Corner and Treetops shopping centres at Burleigh, has called in Resort Brokers to sell the rights and the asking price is close to $2 million.

The rights come with a management and caretaking salary of $395,000 and projected net earnings of at least $354,000.