Rare as hen’s teeth One of few empty lots on Millionaires’ Row has $4.5m price tag

A VACANT block of land in Mermaid Beach’s illustrious Millionaires’ Row has hit the market with a hefty $4.5 million price tag.

The skinny beachfront site at 49 Hedges Ave is 405sq m and one of the last vacant lots on the strip.

The site is listed through Harcourts Coastal Broadbeach agent Tolemy Stevens and Tony Velissariou of Tony V.

“It’s the ideal opportunity for someone to build their dream home on the beachfront of Mermaid Beach, regarded by many as Australia’s No. 1 beachfront destination,” Mr Stevens said.

The block and its neighbour at No. 47 were bought as a pair by veteran property developer John Potter in 2016.

He splashed $7.7 million on the double block and had plans to build a multi-level apartment building, at one stage saying each apartment would have a $7.5 million price tag.

However, in 2017 he told the Bulletin his plans had changed and he had decided to sell the blocks separately.

The property next door, No. 47, sold for $4.6 million in late 2017 to Highgrove Bathrooms founder Lindsay Sinclair, who had plans for a tri-level mansion, but it remains vacant.

Mr Potter will realise a $1.4 million profit if No. 49 achieves its price guide.

“No. 49 is already priced under next door which represents good value for money,” Mr Stevens said.

“We are starting to run out of these vacant block opportunities and so many buyers want property on the sand.”

Mr Stevens said five of his last six sales on Millionaires’ Row were to interstate or international buyers and totalled more than $25 million.

“In the softer market that Australian real estate is experiencing, the Gold Coast is now seeing demand outstriping supply,” he said.

“More Sydney and Melbourne buyers are looking closely at our blue-chip positions as it is a great place to invest in.

Interstate buyers are getting bang for buck here.”

Dynamic stretches can be done at the start line, but it can be a little tight to stretch once everyone is on the line.

Fifteen minutes before that, find a quiet spot near a tree or post where you can do leg swings, gate-openers, hamstring stretches and lunges.

3. Stay cosy

Luckily for us Gold Coasters, the weather stays warm all year. But it is still important to stay cosy with a jumper or jacket that we can wear right up until race time.

Dani Byrnes is an active lifestyle champion who has competed in events including the New York City Marathon.