Remaining stock of Woodgate Beach House development sells at mortgagee sale

Nicola TrotmanNovember 27, 2013

A bundle of waterfront properties in Woodgate, including five existing beach houses and two adjoining development sites, have sold as a mortgagee sale for $1.915 million.

The five fully furnished beach houses were the remaining stock of stage one of the now completed Woodgate Beach House development, which features 26 beach house.

A mix of local and interstate investors purchased the beach houses and a Sunshine Coast-based developer purchased the development sites.

One of the sites is DA approved for nine villas and a shop café and the other development site has approval for a balance of 45 beach houses under the original DA for a total of 72 units.

Jason O’Meara and Derek Nissen of Savills secured the sales under appointment by Mortgagee.

“This was a significant land holding that provided a rare combination of a balance of completed stock, along with adjoining sites with approvals in place for future stages of development,” says O’Meara

“The appeal of these properties was the location and proximity to the beach and facilities. The existing dwellings provide an excellent platform for further expansion of the development,” Says Nissen.

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner