$10M-PLUS DEAL AT BROADBEACH

A PRIME development site in Broadbeach — across the road from Broadbeach State School — has sold for in excess of $10 million.

The two-title 1514sq m holding at 14 — 18 Mary Ave was offloaded by Wenxing Max. Savills’ Kevin Carmody, who took the properties to market with James Stevenson, confirmed a contract for the property had gone unconditional. He declined to comment further on the identity of the buyer or the price, however, it is understood the owner was looking for more than $10 million.