Triple-block on Sovereign Islands sells for $10m

15-19 Park Lane Terrace, Sovereign Islands, has been bought for $10m.


The final remaining triple block on Sovereign Islands has been bought for $10m to a neighborhood purchaser who plans to construct a world-class house on the lot.

It reduces the chance to safe a vacant residential block on which to construct a considerable house within the elite pocket of Paradise Level, with only some double blocks remaining.

15-19 Parklane Terrace, Sovereign Islands


The sale of 15-19 Parklane Terrace has made a neat revenue for its native resident proprietor Bina Stevenson, who picked up the triple block off-plan in 2006 from Lewis Land Company for $2.47m.

After a number of years of happening and off the market, Ms Stevenson made a renewed push to promote in August, with a deal lastly brokered after 112 days by Alex Phillis of Phillis Actual Property.

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It has been purchased by a neighborhood couple, Andrew and Suellen Osborne, who, relatively than landbank or develop the block, are eager to construct a household mega mansion “just like the Gold Coast has by no means seen”.

“It’s a extremely good block with superior views, in a quiet avenue. Each the width and depth of the block will mean you can construct a mega mansion with none subject,” Mr Phillis mentioned.

The patrons hope to construct a world-class house on the land.


He mentioned he had obtained a number of curiosity from interstate, so it was a shock {that a} native household stumped up the profitable provide.

Information of the sale was been welcomed by different residents, who have been frightened the block can be purchased by an abroad purchaser and left vacant.

“Lots of people are having a cheer about it. Locals are joyful it has gone to a different native,” Mr Phillis mentioned.

He mentioned the Stevensons had been eyeing off the block for 2 years and have been eager to show floor on a brand new house.

The lot has views to the Broadwater.


“They have already got a imaginative and prescient for the house they need to create and are within the technique of discovering an architect.

“They plan on constructing a house with the most important rooftop leisure deck within the nation, that may additionally accommodate a tennis court docket,” he mentioned.

“I don’t suppose that’s ever been completed earlier than.

“They actually need to create one thing completely different and have been researching everywhere in the world for inspiration to do one thing superb.”

Mr Phillis mentioned the household love the place they dwell now however needed the identical view over the Broadwater.

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