A GRAND Gold Coast mansion constructed on 11 titles has bought sight unseen to an interstate purchaser who bagged the property for tens of millions lower than it fetched in its heyday.
A $5.75 million contract on the Riverdale Drive residence often known as Harbour Level went unconditional final evening, with the sale resulting from settle in December.
Professionals Vertullo Actual Property agent Mark Carew mentioned the interstate purchaser was one in every of a number of who made presents to purchase the property sight unseen.
“The borders being closed made it more durable for interstate patrons,” he mentioned.
“There have been a number of presents from events outdoors of the Queensland who see the worth.”
The 1800 sqm trophy mansion sits on a 4982 sqm level place making it the largest residential holding throughout the prestigious Rosebank Gardens Property.
The Mediterranean-style residence was constructed by nationwide car-warranty enterprise proprietor Gary Chuck and spouse Suzanne, who fetched $9.39 million after they bought the prize residence in 2004.
The property was bought once more 5 years later for $9 million, this time to Chinese language patrons capitalising on what was a GFC market.
An public sale final month noticed the property handed in, with $4.5 million the most effective bid from one in every of 4 registered bidders.
The property was then listed for presents over $6.5 million.
Mr Carew mentioned the sale was the very best within the Hope Island Property this 12 months and the most recent in a string of $3 million plus gross sales.
“This sale is a document for the Hope Island Resort this 12 months,” he mentioned.
“Property on the northern finish is basically going sturdy.”
The brand new proprietor intends to renovate the 16-year-old residence earlier than transferring in, allaying fears amongst native residents that the home is perhaps bulldozed.
“Will probably be renovated and restored to its former glory, possibly even higher,” Mr Carew mentioned.
“It’s excellent news for Harbour Level as lots of people wished to knock it down, however this purchaser plans to revive it.”
The three-bedroom home options towering gilt columns, ornamental dome ceilings and ornate balustrades which have been in vogue on the time.