TOP OF THE WORLD
GOLD Coast’s most luxurious penthouse is on the market and tipped to break an Australian record at auction. The Soul pad has undergone a major renovation from an empty shell into a five-bedroom beauty that’s already attracted huge interest. Experts say it could beat a $20 million national record for a unit sale. Harcourts Coastal’s Dane Atherton called it “a great opportunity for what is essentially a quarter of an acre of space in the sky”.
THE Gold Coast’s most luxurious penthouse is chasing an Australian record price when it goes to auction next month.
The Soul penthouse, fresh from a two-and-a-half-year renovation, will go under the hammer in May and real estate experts say it could better the national record of $20m for a single unit sale.
That went to a Bondi apartment sold this year.
Celebrity auctioneer Damien Cooley, who has appeared on television series The Block, is being flown in from Sydney to sell the Soul penthouse at noon on Friday, May 28.
Real estate agents handling the Surfers Paradise penthouse say they have already turned down an offer of $12m.
Harcourts Coastal managing director Dane Atherton, who is working on the sale with Tolemy Stevens, said the penthouse would be sold at a private auction open only to registered bidders.
“It’s a great opportunity for what is essentially a quarter of an acre of space in the sky,” he said.
“It will be an auction at an altitude for one of the finest units in Australia and certainly the Gold Coast’s best penthouse by a wide margin.
“We have already had private inspections and offers made before the marketing campaign has even launched.
“I believe it will be a competitive auction process given the rarity of opportunity to have a property like this.”
The penthouse occupies levels 70 to 73 of the tower.
It has five bedrooms including a master suite with his and hers walk-in wardrobes and powder rooms, dining and sitting rooms, two lounges, study, kitchen, butler’s pantry, cigar lounge and bar.
A fireplace on level 71 required engineering approvals before installation.
It is owned by Sydneybased
Andrew Koloadin who bought the penthouse from Hong Kong tycoon Tony Fung for $6.5m in 2018.
Mr Koloadin told the Bulletin in March that he had put his “heart and soul” into it.
“This was bought and sold a number of times but no one had ever taken on the task of completing it,” he said.
“The building manager … said, ‘you’re the third or fourth person to buy this. Are you going to be like everyone else (and sell it)?’
“I had no option but to complete this. That was my motivation. It was a challenge.”
In 2014, the penthouse was stripped back to a concrete shell for its marketing campaign and sold to Mr Fung for $7m the following year.
It was originally bought off the plan by Charlie Caltibiano for $16.85m.
However, the sale was not finalised and he never moved in following a court dispute which he lost.
PQI Group general manager Craig Stewart, whose Gold Coast company handled the fit-out, said the job was challenging but worthwhile.
All materials used are of the finest quality, including marble and natural stone throughout, Ventech timber veneer joinery, solid brass trims, grass-cloth wall papers and doors clad in brushed brass,” Mr Stewart said.
“Other features include herringbone oak timber floors installed by Scribed Timber Flooring, a state-of-the-art kitchen, and an automated system for lighting, airconditioning and curtains.”