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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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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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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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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[smartcode_project:default project_id=90553]

[smartcode_project:default project_id=26730]
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Beachfront trophy home in Mermaid Beach sells in three days to Bob Ell

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Queensland shop-fitting industry figure Scott Headland is selling his Mermaid Beach property.
He has $9,995,000 hopes for the 690 square metre beachfront mansion on the millionaire's row Hedges Avenue.
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Headland paid $6 million in 2002 from developer Russell Leary.
Set on 770 square metres with 19 metre frontage to the beach, the 1990s built two storey home, split in to separate wings, has six bedrooms, two living spaces, a home office, gym and sauna.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/31/mermaid%20beach%203%201.jpg" alt="">
There's alfresco spaces on both levels and an 18 metre lap pool.
Professionals agent Luke Henderson has the listing. 
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Shop-fitting figure Scott Headland lists Hedges Avenue, Mermaid Beach property 

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A beachfront house at Mermaid Beach is currently under offer, having been listed for $5.7 million but reportedly sold for $5.6 million. 
The home at 97 Hedges Avenue sits on a 405 square metre block and features four bedrooms, two bathrooms, and one covered car space. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/30/Mermaid%20beach%202.jpg" alt="">
In 2016 it was renovated, with a carport and patio added. 
It last sold in 2014 pre-renovation for $4 million.
Michael Kollosche, from Kollosche Broadbeach secured the sale.
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Beachfront Hedges Avenue, Mermaid Beach trophy home sold for $5.6 million

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Fitness First founder Tony de Leede has quickly found a buyer for his Mermaid Beach investment mansion.
He's had to take a loss on the Hedges Avenue trophy that he bought for $7.3 million in 2009, a year after it was built.
He's recently secured $6,325,000 from a Brisbane couple.
He bought the five bedroom home, which has been a $2,800 a week rental in recent times, from Lisa Frawley, the wife of the former Romafree executive director Mark Frawley.
De Leede still retains a strong foothold in Queensland through property investments.
He owns apartments in the Burleigh Heads Aspect complex which he bought over a decade ago, as well as properties in Port Douglas and a Gold Coast hinterland estate.  
De Leede founded Fitness First in 1993. 
This article was first published in the Weekend Australian.  
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Fitness First founder Tony de Leede secures Mermaid Beach sale

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Fitness First founder Tony de Leede is seeking to sell his redundant luxury Mermaid Beach home for the third time.
The Bondi Beach-based fitness pioneer is seeking offers over $6 million for the Hedges Avenue mansion.
Set on 405 square metres, the 2007-built home has four bedrooms, three bathrooms, an entertaining area with fireplace and a built in barbecue that adjoins the swimming pool.
Of course there's a home gym and a steam room.
Conal Martin at Kingfisher Realty Burleigh Heads is marketing the property.
De Leede paid $7.3 million for the property in 2009 when buying from Lisa Frawley, the wife of the former Romafree executive director Mark Frawley.
It has been a $2,800 a week rental in recent times.
De Leede founded Fitness First in 1993.  
This article was first published in the Weekend Australian.  
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Fitness First founder re-lists Mermaid Beach mansion

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The Mermaid Beach holiday home of Australian weightlifting legend Dean Lukin has snappily sold for $6,395,000 to a local buyer.
The Adelaide-based Lukin, whose paid $4.8 million for the property in 2013 with brother David and mum Ann, were asking for $6,495,000.
It was bought shortly after the death of family patriarch, the millionaire Port Adelaide fishing entrepreneur fishing entrepreneur.
Known locally as "the yellow house on the corner", the <a href="https://www.propertyobserver.com.au/https:/www.realestate.com.au/property-house-qld-mermaid+beach-131429114" target="_blank">Hamptons-style home</a> has three bedrooms and four bathrooms across its three levels.
The lounge with a sandstone clad fireplace opens to an alfresco deck with a sunken jacuzzi.
Kollosche Broadbeach agent Eddie Wardale sold the home.
The two week sale is a rarity on Hedges Avenue despite it being one of the most sought after addresses on the Gold Coast.
A five bedroom beachfront down the road has been on the market since 2016. It was once owned by the late former AFL player Rod Galt.
This article was first published in the Weekend Australian. 
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Weightlifting gold medallist Dean Lukin sells Mermaid Beach holiday home

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Australian weightlifting legend Dean Lukin is selling the family's Mermaid Beach holiday home.
The Olympic gold-medal winning weightlifter bought the home with his brother David and mum Ann, shortly after the death of his father Dinko Lukin, the millionaire Port Adelaide fishing entrepreneur.
The Adelaide-based family paid $4.8 million for the timber beach house on the dress circle Hedges Avenue in 2013.
Set on 405 square metres on a prime corner block, the three level Hamptons-style home has three bedrooms and four bathrooms.
The Lukin's have modernised the home which now comes with concealed TVs and a sunken jacuzzi on the alfresco deck which runs off the lounge with a sandstone clad fireplace.
The master suite is hidden behind a solid wood pivot door. It comprises its own sandstone terrace, ensuite and custom walk-in wardrobe. 
Kollosche Broadbeach agent Eddie Wardale is asking $6,495,000.
Dean Lukin was the first, and only, Australian to win the super-heavyweight weightlifting gold medal at the 1984 Olympic Games in Los Angeles. 
This article was first published in the Weekend Australian. 
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