An oceanfront web site accredited for a nine-storey house tower at Palm Seaside is inflicting a stir amongst builders nationwide forward of going underneath the hammer this month.
The prime 1,110sq m web site with 20m of seashore frontage at 105-107 Jefferson Lane has drawn widespread inquiry from interstate consumers eager to capitalise on excessive demand for luxurious house residing on the southern Gold Coast.
And proper subsequent door, one other 564sq m block at No. 103 can be up for grabs after passing in at public sale for $5.8m in August.
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No. 105-107 is marketed by Hanan Cawley, of Harcourts Coastal Status. He mentioned the holding was the one absolute beachfront block of its dimension available on the market wherever between Coolangatta and Surfers Paradise.
An unique four-bedroom, two-bathroom home stands on one half of the block, with the opposite aspect cleared except for a backyard shed and greenhouse.
Native proprietor Raymond Wilkie obtained council approval for a 29m excessive tower comprising seven full-floor, three-bedroom flats and one two-bedroom unit, with health club, pool and barbecue services together with a communal beachside space and basement parking.
Mr Cawley mentioned inquiries had run sizzling because the property was listed for public sale after Mr Wilkie opted to not proceed with the challenge.
“I’ve had nearly each developer across the nation on the telephone, with about 75 per cent of the curiosity from interstate,” Mr Cawley mentioned.
He mentioned the prospect of additionally securing the neighbouring block was one other carrot for cashed-up consumers.
No. 103 is marketed on the market through an expressions of curiosity marketing campaign with Daniel Donovan and Conner Malan, of Ray White.
Mr Donovan mentioned the potential triple block holding had sparked renewed purchaser curiosity because the public sale.
“With subsequent door being available on the market inquiries have undoubtedly picked up with some builders taking a look at doubtlessly amalgamating all three blocks,” Mr Donovan mentioned.
A 3-bedroom house at the moment stands on that web site, with no utility for its re-development but made to council.
Whereas a smattering of unique seashore cottages stay on the celebrated stretch, their numbers are dwindling as homeowners reap the benefits of the Coast’s sizzling property market post-pandemic.
Latest gross sales embody a 575sq m block at No. 99 Jefferson Lane, which modified fingers in July for $5.2m; and one other Nineteen Fifties weatherboard house at No. 259 which bought for $4.967m.
Palm Seaside’s present residential gross sales file stands at $6.1m for an unique seashore home at 135 Jefferson Lane, which was snapped up in April by an interstate purchaser.
The positioning at 105-107 Jefferson Lane will likely be auctioned onsite on September 15.