Multi-million dollar cash splash on Gold Coast trophy home set to pay off
July 21 2020
A BOLD Broadbeach Waters trophy home that has sold in a multimillion-dollar deal is set to be a lucrative investment for the buyer.
The four-bedroom property at 1/94 Monaco St was the project of Highgrove Bathrooms boss Nick Crosland.
He sold it for a cool $3.025 million yesterday, just below the property’s $3.25 million asking price.
Kollosche agent Jay Helprin, who marketed the luxury home alongside agency head Michael Kollosche, said an interstate buyer scored the keys.
“The buyer currently lives in Sydney and travels to the Gold Coast for work and leisure,” he said.
“Their plans are to rent it for a couple of years before retiring and moving into the home.
“The buyer loved the industrial design, open and generous floor plan, high level of finish and proximity to main river within the Golden Triangle.”
The property’s twin, No. 2 was recently leased out for an eye-watering $3250 per week, or $169,000 a year.
The owners of No. 1 could pocked a similar weekly profit while getting their retirement plans in place.
Mr Helprin said the sale was the fourth highest in Broadbeach Waters this year.
The suburb’s highest house sale was notched in 2016 when a grand waterfront home at 249 Monaco St fetched $11 million.
“At the moment, there is nothing comparable (to 1/94 Monaco St) around that price point,” Mr Helprin said.
“Quality homes that are priced and marketed correctly move extremely quickly.
“There is a genuine lack of quality properties available and a significant increase in qualified, ready to transact buyers in the market.”
Story originally published by realestate.com.au.