A palm-fringed compound providing a personal tropical oasis alongside the Gold Coast’s richest stretch of beachfront actual property is available on the market for the primary time in 20 years.
The large web site, spanning 1,214 sqm on prestigious Hedges Ave, Mermaid Seaside, will go below the hammer subsequent month. It’s marketed by Amir Status principal Amir Mian for an on-site public sale on December 3.
The property is owned by David Railton Kennedy, who made his fortunes via his position with The Lottery Workplace, an organization providing Aussies entry into among the world’s greatest jackpots, together with USA Energy Lotto and European Tens of millions.
Mr Kennedy bought the positioning at no. 43-45 for $10.15m in 2002 from Alan Thiess, the son of development and mining pioneer Sir Leslie Thiess.
Six years later, Mr Kennedy purchased the neighbouring property at no. 41 for $7.6m, creating one of many largest oceanfront holdings on the strip, stretching 30m alongside the sand.
Mr Mian stated the house was available on the market for the primary time in 20 years, and supplied a variety of choices for the brand new proprietor.
“Relating to beachfront, that is the very best location, 30m precise seashore frontage on a 1,214 sqm block — you’ll be able to’t ask for any higher,” Mr Mian stated.
“This wonderful triple block affords infinite alternatives. There’s potential to benefit from the architecturally designed dwelling as is, renovate so as to add worth or discover a future subdivision.”
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Described as an “exceptionally uncommon alternative”, the property occupies an elevated north-facing nook place with a four-bedroom, four-bathroom dwelling constructed from stable concrete with hovering voids and timber panelled ceilings.
Options embody expansive beachside decking with an out of doors barbecue kitchen and coated entertaining terrace, in addition to a sauna and a big lap pool on the southernmost block.
Inside are a number of residing and eating zones with two fireplaces, a media room and workplace, whereas all bedrooms have balconies capturing views.
There’s additionally a self-contained flat with its personal entry, kitchen and laundry, and undercover basement parking for as much as six vehicles.
The property is about amid lush lawns with mature tropical timber creating a personal oasis.