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