Sovereign deal gets rub of the green
DEBORAH Wild, who is in the massage business, has rubbed land values up the right way at elite Paradise Point address, the Sovereign Islands.
She has emerged as the buyer who put a rocket under the estate’s land prices last month when she spent $7.5m on a potential mansion site.
The co-director of massage training business Evolve College paid $5330 a sq m, eclipsing a record of $4929 a sq m set eight months ago.
The new record soon could be tested, with two other large Sovereign sites put on the market this month.
One of them had been earmarked for the community’s first apartments.
The other holding is one on which an oil-exploring former Miss Australia and her hubby had planned a mansion with a rooftop tennis court.
Deborah’s buy is a 1407sq m block facing north over the Broadwater at 19-21 Knightsbridge Parade West, sold by Kim Knight, wife of Choice Homes el supremo Troy Knight.
She and husband Robert run a registered training business that has campuses around Australia, including one on the Gold Coast.
The couple late last year cashed in a luxury retreat at Coopers Shoot, near Byron Bay, for $22m.
The lusty price was paid by Gold Coast resident Jessica Puljich, wife of GemLife over-50s lifestyle resort group executive Adrian Puljich.
Gold Coast prestige agent Amir Mian was a winner out of the Wild sale and purchase – he handled both deals.
Meanwhile, the two “biggies” that have been popped on to the market in the wake of Deborah’s record Sovereign buy include a Royal Albert Cres parcel approved for top-end apartments. There appears to be some urgency to achieve a sale – it is being marketed as “must be sold” and “all offers considered” before it is auctioned on Saturday, April 1.
Apartments never had been flagged on the Sovereign Islands until 2018, when estate residents, much to the surprise of many, learned there was one site zoned to allow them.
A developer who had secured the waterfront 2566sq m Royal Albert Cres land announced plans for eight top-shelf apartments.
Things did not go to plan and the land was unloaded for $5.75m.
In the middle of 2022 it was bought for $12.65m by a company associated with two building-industry chaps “having a go”, Brad Neale and Grant Fairley. They intended building the approved apartments and set about marketing the project as Windsor on Royal Albert, with prices starting at $4.8m.
It seems the expected demand from wealthy Sovereign residents wanting to downsize was not “royal”. No sales were achieved and the holding is being marketed not as an apartment site, but as one that could take a mansion or be split into three lots.
Meanwhile, there doesn’t appear to be any urgency to sell a site in Parklane Tce – it’s not going to auction and carries a $13.95m tag.
Suellen Osborne, who wore the
Miss Australia in 1998, and hubby Andrew paid $10m last year for 3142sq m. It was a gold sovereign price – no other holding on the waterfront estate had reached that figure.
The Osbornes in January gained approval for a six-bedroom mansion, with more than 2100sq m of living area, an eight-car basement and the rooftop tennis court.
Suellen, who has a background in global engineering concern Nepean, six years ago set up private company Timor Resources, which is drilling for oil in Timor-Leste in joint ventures with the republic’s government and national oil company.