Gold Coast Mermaid Beach

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Developers are circling a potential residential development site in Mermaid Beach ahead of its late April auction.

The site, at 2417-2419 Gold Coast Highway, was the original Gold Coast Highway Mermaid Beach Motel, dating back to the 1960s. It was also previously known as the Castle Motor Inn, or to locals The Castle.

But its prime 817 sqm position, just 250 metres from the beach, is interesting developers who are struggling to find development sites for their next projects in the booming Gold Coast market where current stock is flying off the shelves.

Harcourts Coastal agent Jared Johnson, who is marketing the property alongside Lachlan Marshall and Guy Powell, says they've already received 130 enquiries.

"Nearly all of the enquiry has come from developers who are scoping out future residential developments", Johnson says, adding that currently there are little to no opportunities around the area to secure such a prominent location.

Currently the building is 100 per cent leased to eight tenants, with an annual income of $147,420 fully leased. But a projected total income per week is closer to $190,000, once the current leases expire.

The site goes under the hammer April 24. For more details contact:

<ul>
<li>Jared Johnson of Harcourts Coastal Commercial</li>
	<li>0423 386 939 | j.johnson@coastal.com.au</li>
</ul>
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Harcourts Coastal agent Jared Johnson says they've already received 130 enquiries.



Joel Robinson

Developers descend on rare Mermaid Beach development site

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Property guru Andrew Winter, the presenter of Selling Houses Australia and Love it or List it, has long aspired to beachside living following his move from the UK.

Now some 14 years after his move to Queensland’s Gold Coast, he and wife Caroline have snapped up a home at Mermaid Beach (above).

They’ve spent $1,525,000 on a house just two rows back from the pricey beachfront strip, known as Millionaire’s Row.

They secured the home just two weeks into its marketing with a $1,575,000 asking price. Offering ocean views from its front deck, the single-storey, three-bedroom home sold through Ray White Mermaid Beach agent Joanna Bell-Booth.

Winter is still waiting for a buyer for his <a href="https://www.urban.com.au/news/94330-selling-houses-australia-s-andrew-winter-lists-his-own-reno" target="_blank">renovated Sanctuary Cove home</a> (below) which was listed in January with $3.95 million hopes. It is now for sale through different agents.

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The Tuscan-inspired residence, which cost the couple $1.9 million two years ago, has undergone renovations. Earlier this year Winter told realestate.com.au the home embraced the Queensland lifestyle with its open spaces and sunny ­position. “You throw the doors open and you’re right on the water. It has a pool, you get cross-ventilation, you get enough sun but not too much,” Winter said.

“For a Pom, it’s embracing the climate that we live in and the outdoor lifestyle.”

Winter said Sanctuary Cove, on the northern end of the coast, had been a wonderful place to raise their three children. “We have decided it’s time for a beach change,” he said. “So we are joining the hip set.”

Winter always signalled his preference had been a “beachside knockdown and rebuild” adding that the Gold Coast was very much at the beginning of its real estate boom.

This article was first published in the Sunday Telegraph.

<h2>QLD properties now selling:</h2>

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Selling Houses Australia host Andrew Winter buys Mermaid Beach home

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The beachfront Queensland market continues to boom despite closed borders. Billionaire developer Bob Ell has emerged as the buyer of a beachfront on Mermaid Beach that was listed for just three days.

He's apparently paid close to $22.5 million for the home and its ocean views.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.09.25%20am.png">

But he and wife Bridget, who have four children under 16, will retain the family’s main residence on the riverfront at Budds Beach property.

Mr Ell told The Gold Coast Bulletin it was a family-motivated decision.

“The kids are all rather sporting-minded and love the beach and the ocean,” Mr Ell said.

“This buy will enable them to burn off a bit of energy whenever they get restless and to perhaps lap up the surfing culture that’s synonymous with the Gold Coast.”

They recently offloaded their holiday home at Noosa for $9.6m to publican John Taylor, the owner of Victoria’s Grovedale Hotel, Barwon Heads Hotel and Torquay Hotel.

The Mermaid Beach home he recently acquired was built for racing industry figure and former realtor David Henderson and family. It was completed in 2012.

Set on the pricey Hedges Ave, the mansion was designed by Paul Uhlmann and is on one of the largest lots in the street at 1,215sq m with a 30-metre ocean frontage.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.08.16%20am.png">

It was sold for $16.5m in 2017 in a deal handled by the agency in which Mr Henderson previously was a principal, The Professionals Mermaid Beach.

The buyer, and the seller to the Ells, was Rosa Raso, wife of Sam Raso, whose Molendinar-based Austworld group makes high-end plumbing products and has six offices across the country.

Nat King and Amir Mian of Amir Prestige sold the home to Ell after the short listing with a $25 million asking price.

<h2>Queensland properties selling now:</h2>

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Beachfront trophy home in Mermaid Beach sells in three days to Bob Ell

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The son of millionaire pubs and poker machines magnate Bruce Mathieson has emerged as the buyer of the Gold Coast's most expensive home sale so far this year.

Bruce Mathieson Jnr has spent $11.6 million on the Hedges Avenue absolute beachfront home of retired cotton farmer Alan Frost, who bought it for $6.6 million in 2014.

It sits less than two kilometres away from his parent's $18 million home on Albatross Avenue, Mermaid Beach's other millionaire's row.

The three bedroom home on a double 810 square metre block sold through Kollosche Prestige agents Michael Kollosche and Harry Kakavas.

Mathieson Snr was number 42 on Australia's top 50 Rich List according to Forbes, with a net worth of $910 million.

He owns 25% of Australian Leisure &amp; Hospitality Group, Australia's biggest hotel and pub operator.

This article first appear in The Weekend Australian.

<h2>Queensland properties selling now:</h2>

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Son of millionaire pokie magnate makes a $11.6 million Mermaid Beach splash

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A prime development site in Mermaid Beach on the Gold Coast has been listed for sale. 

The property at 2417-2419 Gold Coast Highway was the original Gold Coast Highway Mermaid Beach Motel, dating back to the 1960s.

Formally also named Castle Motor Inn, the brick building on 817 sqm just 250 metres from the beach is being sold 100 per cent leased to eight tenants, with an annual income of $147,420 fully leased.

Harcourts Coastal agents Jared Johnson, Lachlan Marshall and Guy Powell are marketing the property for an April 24th auction.

Marshall said the property is a fantastic future development site.

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"Mermaid Beach has seen a significant influx of families and retirees moving from higher-density capital cities into the suburb," Marshall said.

"This has fuelled the need for high quality residential developments." 
Guy Powell says Mermaid Beach has become a premier lifestyle precinct.

"With the recent announcement of the Gold Coast light rail system from Broadbeach South to Burleigh Heads, Mermaid Beach locals will have immediate access to Queensland's Most Popular Dining &amp; Entertainment Precinct, Burleigh Heads.”

<img alt="" height="1665" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hilda-12.jpg" width="2500">

 

 

 
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The property at 2417-2419 Gold Coast Highway was the original Gold Coast Highway Mermaid Beach Motel, dating back to the 1960s

Mermaid Beach prime development site listed

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702/252 Hedges Ave, Mermaid Beach has sold for $5.25 million.
A luxury non-beachfront penthouse on the Gold Coast’s Millionaire’s Row has been sold for $5.25 million within two weeks of hitting the market.
Former Carlton Football Club director and developer Colin De Lutis, whose family real estate empire is reportedly worth more than $500 million, flew up to inspect the two-level Mermaid Beach penthouse as soon as he got the call it was on the market.
He made a cash unconditional offer of $5.25 million only hours later for the 758 square metres space.
The Hedges 252 penthouse includes beach views, a glass lift, roof terrace and a 15-metre heated lap pool
De Lutis already owns an apartment in the Paradise Centre at Surfers Paradise
The penthouse sold 18 months ago when former Coles boss John Fletcher sold it at a $1.9 million loss.
Records show Fletcher paid $6.7 million in 2007 at the height of the boom but sold for $4.8 million in 2016.
Tolemy Stevens, the selling agent advised close to $100,000 on improvements had been spent on the residence in the interim.
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Hedges Avenue, Mermaid Beach penthouse sold

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Gold Coast estate agent Nick Slater has been confirmed as the victim of Tuesday's shark attack off Greenmount Beach.
Slater worked at London Estate Agents Mermaid Beach, ran by principal Ron London.
He had been there since last November, having previously worked as a sales manager in Ray White's Projects Gold Coast division.
He spent the vast majority of his career at McGrath in Canberra. He was an agent and business development manager for nearly a decade.
Slater had secured two sales this year, both in Mermaid Beach, two villas. He secured $1.42 million for four bed home and $741,000 for a three bedder.
“While I’m focused on getting the best possible sales result, I want the journey to be as a pleasant as possible," Nick said about his approach.
“I feel privileged to be entrusted with client’s business, and I like to repay that trust by delivering a superior service experience.”
 
 
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Local estate agent Nick Slater confirmed as Gold Coast shark attack victim

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Citimark Properties project manager Lee Crisp is selling his renovated Mermaid Beach property.
The home is at <a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-124335366" target="_blank">28 Seaside Avenue</a>.
Crisp is overseeing the Hercules apartment development at Hamilton in Brisbane.
He purchased what was an old 1960s-style three-bedroom beach cottage with his wife, Cassie in 1996 for $227,500.
The two-storey house now has four bedrooms, three bathrooms, a study, parking for two cars, a swimming pool, outdoor entertainment area and landscaped gardens.
Luke Henderson from John Henderson Professionals Mermaid Beach said the renovation was a testament to Mr Crisp’s years of experience in the property industry including the reused existing timber from the original cottage on floors in the main living areas.
Other recycled timber includes timber from a railway bridge in western Queensland to create the pillars that frame the large undercover patio at the rear of the home.
“The result is that they have created a fantastic, spacious, modern beachside home that harks back to days gone by.”
Mr Henderson said the property was in one of the most desirable streets in Mermaid Beach.
The property is scheduled to go under the hammer on January 24 during the Henderson’s Hot Summer Auctions event at Mermaid Beach Bowls Club.
The avenue has had two sales above $1.7 million.
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Citimark Properties Lee Crisp's renovated Mermaid Beach home listed for sale

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A multi tenanted commercial property at Mermaid Beach has been sold for $2.31 million.
Located at <a href="https://www.realcommercial.com.au/property-retail-qld-mermaid+beach-502236338" target="_blank">43 Alfred Street</a>, the property is fully leased to three tenants with a net income of $165,092 per annum.
There will be 4% annual increase reviews.
The majority of the income is secured by a top 10 ranked Ray White franchise.
All of the tenants have long term lease expiry dates.
It is a two level fully refurbished botique building with exposure to Gold Coast Highway located opposite a beachside retail centre.
The property was offered through Ray White agent Steven King.
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Mermaid Beach office sold for $2.31 million

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Port Lincoln fisherman Sam Sarin, who runs Australian Fishing Enterprises, has sold his Mermaid Beach holiday home for $5,625,000.
It has been bought by the Melbourne based Morrissy family. It is only the third sale over $5 million on Mermaid Beach this year.
The other two were a knock down rebuild and a land parcel.
The <a href="https://prestigeagents.com.au/property/235-hedges-avenue-mermaid-beach/" target="_blank">opulent four bedroom home</a> on the exclusive Hedges Avenue cost Sarin $3.2 million in 2001.
A lift links all three levels of the home, from the basement theatre room with bar to the rooftop entertaining area, also with bar and barbecue kitchen.
The main living areas open to the swimming pool and a beachfront lounge features an open fireplace and integrated media centre.
Kollosche Prestige agent Michael Kollosche sold the home having also sought to sell it in 2008 at $8.9 million.
This article was first published in The Weekend Australian property section.
 
 
 
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