Mega sale for Surfers

The Glit­ter Strip is as pop­u­lar as ever with a mega man­sion selling for more than $5 mil­lion

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

A RIVER­FRONT man­sion has changed hands in a mul­ti­mil­lion-dol­lar deal that marks one of the high­est sales this week.

The $5.2 mil­lion sale of the Surfers Par­adise res­i­dence on Ad­mi­ralty Drive set­tled on Mon­day.

First Na­tional Real Es­tate Surfers Par­adise agent Rus­sell Rolling­ton mar­keted the prop­erty with col­league Bob Rolling­ton.

He said an in­ter­state buyer bought the five-bed­room, seven-bath­room prop­erty ear­lier this month.

“The prop­erty was sold within 3 months of list­ing to a buyer sourced from our data­base,” Mr Rolling­ton said.

“Sev­eral of­fers were re­ceived dur­ing the sales cam­paign and strong in­ter­est was re­ceived from lo­cal and a num­ber of Syd­ney and Mel­bourne buy­ers look­ing for a Gold Coast base or to re­lo­cate.”

He said it was the prop­erty’s po­si­tion that at­tracted house hun­ters.

“You’re right on the main river and you get the city sky­line look­ing back at Surfers,” Mr Rolling­ton said.

“This is the fourth time we have sold this prop­erty in the past 10 years and this is the high­est sale price that has been achieved ... which sig­nals the strong cur­rent buyer de­mand for well po­si­tioned Gold Coast prop­er­ties.”

He said the high turnover could be at­trib­uted to the fact that none of the own­ers in the past decade had lived in the prop­erty.

“Most of the peo­ple that have owned it in the past have been in­ter­state peo­ple us­ing it as a hol­i­day home,” he said.

Mr Rolling­ton said they were still see­ing strong de­mand from in­ter­state-based house hun­ters, with the last few prop­er­ties they had sold in Par­adise Waters be­ing snapped up by buy­ers want­ing to re­lo­cate or in­vest in a hol­i­day home on the Gold Coast.

50 Ad­mi­ralty Drive, Par­adise Waters sold to an in­ter­state buyer for $5.2 mil­lion.

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