STAR Brisbane architect Joe Adsett has emerged because the thriller purchaser of a major improvement web site on the Gold Coast for greater than $13 million, with plans to construct an opulent residence tower.
Queensland developer Sunland Group, developer of Q1 and the Versace resort, has bought 154-156 Marine Parade, Rainbow Bay, on the southern tip of the state.
The sale of the 1215 sqm beachfront web site units a brand new report for the sale of vacant land on the Gold Coast and displays the insatiable urge for food for beachfront property on the Glitter Strip.
Mr Adsett plans to construct a residential tower on the positioning comprising 21, three and 4 bed room sky properties.
Half-floor flats begin from $2.65 million, full ground flats from $6.5 million and gives are being searched for the 1000 sqm penthouse.
Mr Adsett stated early curiosity within the undertaking from locals had already resulted within the sale of seven of the flats, with appointments with one other eight teams earlier than Christmas.
“We are going to start advertising the undertaking instantly and work alongside our consumers to tailor every residence to their particular person wants,” Mr Adsett stated.
“Primarily locals are shopping for, nevertheless, the enquiry from Sydney and Melbourne is astounding and one thing I’ve by no means skilled in undertaking advertising.”
The proposed improvement will probably be referred to as ‘Rockpool Rainbow Bay’ after the well-known rockpools of Snapper Rocks.
Mr Adsett stated he had been looking for years for the “excellent web site” on the Gold Coast.
“The pursuit of nice structure begins with the pursuit of nice land,” he stated.
“I take into account Rainbow Bay to be distinctive to the Gold Coast in that it’s this sheltered, protected cove, which faces north.
“It additionally so occurs to have one of many world’s greatest browsing breaks proper on its doorstep.
“I take into account it a privilege to be given the chance to construct on this nice land. And, it’s this privilege and respect for the land that evokes us to construct nice buildings.”
GV Property Group bought the positioning off-market for Sunland Group for $13.05 million, after receiving sturdy curiosity from a variety of events in Queensland and different states.
“We predict the premium that has been paid for the land displays its distinctive worth as a north-facing seaside and the life-style and amenity this facet and examine will afford the final word consumers of Joe’s design,” GV Property Group director Antonio Mercuri stated.
“Little doubt Joe Adsett will set a brand new benchmark for design on the Gold Coast, complementing the magical location, and ship an unbelievable undertaking for a trophy web site like this.”
The event web site was dwelling to 2 unit blocks that have been demolished after Sunland purchased the properties for $6.5 million in 2017.