Hit­ting heady heights

Queens­land’s king of cof­fee has sold his lux­ury Surfers Par­adise apart­ment for about $3 mil­lion

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS JES­SICA BROWN

COF­FEE king Phillip Di Bella has sold his glitzy Surfers Par­adise apart­ment in a mul­ti­mil­lion-dol­lar deal.

The three-bed­room res­i­dence, which takes up the en­tire fourth floor of the Al­lure build­ing at 1 North­cliffe Tce, was snapped up within 30 days of First Na­tional Surfers Par­adise tak­ing over the mar­ket­ing.

Russell Rolling­ton, who mar­keted it with agency prin­ci­pal Bob Rolling­ton, wouldn’t dis­close the price but said it sold for “around the $3 mil­lion mark” last week.

“The suc­cess­ful buyer is Bris­bane based and pur­chased (the apart­ment) as a hol­i­day home,” Mr Rolling­ton said.

“The buyer was sourced from our data­base and not ac­tively look­ing at the time, we sent him the de­tails and a deal was fi­nalised that week.” It was listed for $3.15 mil­lion. Mr Rolling­ton said prop­er­ties like this were in high de­mand.

“We are find­ing in­creased in­ter­est and in­quiry on pre­mium beach­front prop­er­ties, with lim­ited sup­ply and strong buyer de­mand lo­cally, from Bris­bane and in­ter­state,” he said.

Mr Di Bella is renowned for his pop­u­lar busi­ness Di Bella Cof­fee, which be­gan as a small cof­fee roast­ing oper­a­tion in Bris­bane in 2002.

He and wife Gianna listed their Gold Coast apart­ment last De­cem­ber un­der an­other real es­tate agency.

While they loved it, Mr Di Bella said ear­lier this year that they had only spent about 20 nights there in more than two years.

“We love the Gold Coast and it was al­ways our wish to own an apart­ment in Al­lure, and we were able to buy one as they are very rarely avail­able,’’ he said.

“We plan to spend more time in Queen­stown, New Zealand, where we have built a spec­tac­u­lar home.

“It’s a four-level house on Queen­stown Hill with views over Lake Wakatipu.”

The Surfers Par­adise apart­ment of cof­fee king Phillip Di Bella has ex­changed hands about $3 mil­lion.

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