Developer offloading holiday pad
WEALTHY Victorian property developer Colin DeLutis has put his luxury Surfers Paradise apartment on the market.
The CEO of DeGroup and former vice-president of the Carlton Football Club bought the Glitter Strip residence in 2008 – it was the late property developer Eddie Kornhauser’s property.
The 503sq m three-bedroom apartment is on the sixth level of the Allunga tower on Hanlan St, above the Paradise Centre Shopping Centre.
“He (Kornhauser) built the Paradise Centre and built Allunga in the early ’80s,” Mr DeLutis said.
“I bought it off his children and am the second owner.” The property was used as a holiday home for Mr DeLutis, his wife, and their two children.
“We renovated when we bought it and it has been used for three to four weeks a year and kept it in really good condition,” he said.
“It’s practically brand new.” Mr DeLutis owns another apartment in the Allunga tower and also splashed $5.25 million on a penthouse at Mermaid Beach earlier this year.
“I love the Gold Coast and have always been a fan of the city,” he said.
“After you come out of Melbourne it’s always nice to come to the Coast – sunshine, great restaurants, the beaches – and at the end of the day it’s a great place to come for a holiday.”