After a five-week Expressions of Interest campaign, Lot 917, ‘The Lakes’ in Mermaid Waters, has sold to a local buyer for $16,000,000.
Kollosche Commercial agent Adam Grbcic commented that they received over 130 enquiries and multiple offers.
The perfectly positioned site is on a 14,170m2* North-facing block within the 42-hectare precinct on the corner of Hooker Boulevard and Bermuda Street, Mermaid Waters.
“The uptake of units in surrounding developments has been recognised by developers, leading to the high enquiry rate and multiple offers on all sites.”
According to Adam Grbcic, there are very few parcels of vacant land left on the Gold Coast, let alone a site like this, centrally located with a rare aspect that captures views of the lake and city skyline.
Adam Grbcic says there is a real opportunity for developers to capitalise on the southern migration of residents and locals wishing to downsize.
“This site is primed to accommodate the significant population growth currently being experienced on the Gold Coast.”
The recent sale is a strong addition to the achievements of the father and son duo Adam and Tony Grbcic. It’s been a year since Kollosche launched its commercial arm, and welcomed the pair.
Tony Grbcic commented on the change they have experienced since joining Kollosche.
“Our business has had a positive change since joining Kollosche. Along with being afforded the opportunity to market landmark sites and properties across the Gold Coast, we have been able to position ourselves in line with the exclusive Kollosche database which generally demands freehold properties or development sites.
“The commercial and residential arms of the business constantly intersect and support one another. This creates an enormous number of referrals and repeat business with Kollosche clients. High net worth vendors and buyers tend to prefer to deal with a boutique agency for a specialised, results-driven service. Kollosche is an agency that is very much geared for success.”
In reviewing the recent campaign for ‘The Lakes’, Adam Grbcic states, “we have a large quantity of remaining qualified buyers looking to invest, land bank or develop on the Gold Coast and surrounding areas.”
For those looking to take advantage of strong selling conditions, our commercial team are uniquely positioned to advise you on the best strategy for achieving a premium price. Reach out for a detailed discussion on recent and relevant sales within the commercial sector.