Bri­tish bil­lion­aire builds river palace

Sunshine Coast Daily - - NEWS - SCOTT SAWYER

A FIVE-STOREY river­front man­sion un­der con­struc­tion and ru­moured to be the most ex­pen­sive home built on the Coast is set to be­come the hol­i­day home of a bil­lion­aire Bri­tish Lord.

Lord Robert “Bob” Ed­mis­ton’s pala­tial home is be­ing built by Hutchin­son Builders on the Ma­roochy River front side of the Alpha Ma­roochy­dore site on Du­porth Ave.

The five-storey, four-bed­room home comes with seven base­ment carparks, a base­ment-level pool, games room, cin­ema, lift and wine cel­lar, ac­cord­ing to ar­chi­tec­tural plans lodged with and ap­proved by Sun­shine Coast Coun­cil in 2016.

The home dwarfs its neigh­bour, a four-storey unit block on the south­ern side of the project, fac­ing Cot­ton Tree.

On the Du­porth Ave side of the 2082sq m block will be Alpha, a high-end, mixed-use devel­op­ment made up of 14 three-bed­room units and 1000sq m of let­table of­fice space, also be­ing built by Hutchin­son Builders.

Mul­ti­ple sources told the Daily the home was be­lieved to be be­ing built for about $15 mil­lion, with high-end fit­tings set to fea­ture through­out.

The OGE Group Ar­chi­tects-de­signed home’s plans in­cluded a gym and spa on the fourth floor, a roof ter­race, and a games room on the first floor in­clud­ing a cin­ema.

The home is po­si­tioned in a prime lo­ca­tion on the bend of Ma­roochy River and Corn­meal Creek, with sweep­ing river and ocean views stretch­ing to the north.

It’s un­der­stood Lord Ed­mis­ton had fam­ily based in the re­gion, and he would be us­ing the home as a base when vis­it­ing.

He built his for­tunes in prop­erty and mo­tor­ing, and had es­tab­lished him­self as one of the UK’s most pro­lific phi­lan­thropists, do­nat­ing hun­dreds of mil­lions to a num­ber of Chris­tian char­i­ties.

In 2018 it was re­ported Lord Ed­mis­ton had joined the bil­lion­aire club, thanks to the growth of his IM Prop­erty Group’s port­fo­lio.

The Alpha site, at 10-12 Du­porth Ave, was owned by IM Du­porth Pty Ltd, whose di­rec­tors in­cluded Lord Ed­mis­ton.

A site val­u­a­tion from June 30 listed on CoreLogic’s RP Data web­site priced the site of 12 Du­porth Ave at $2 mil­lion.

The project is the lat­est in a flurry of con­struc­tion ac­tiv­ity in Ma­roochy­dore and Cot­ton Tree, with a num­ber of lux­ury apart­ment projects rolling out in re­cent months.

EPIC: Bri­tish bil­lion­aire Lord Ed­mis­ton’s river­front home is be­ing built at Ma­roochy­dore. IN­SET: Artist’s im­pres­sions of the home.

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