Real Estate

Three Gold Coast properties snapped up in rare triple deal

Written by The ReReport
As seen in the Source link, written by on 2019-06-28 22:53:11

Three properties at 20-22-24 Anglers Esplanade, Runaway Bay, were snapped up for more than $6 million.

THREE neighbouring properties on a highly sought after Runaway Bay street have been snapped up in a triple treat deal worth more than $6 million.

The trio on Anglers Esplanade were owned by two separate parties who teamed up to sell in a bid to get a higher price.

Their plan worked as a developer was so determined to have the mega-site, he splashed $6.75 million on it hours before it had a chance to go under the hammer on June 25.

A developer snapped up the trio hours before they were duo to go under the hammer.

The house had been owned by the same person for more than 30 years.

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Ray White Sovereign Islands principal Ali Mian, who initially suggested marketing the properties as a bundle, said it was “very, very rare” to come across a triple block.

“It’s once in 10 years you get an opportunity to acquire three blocks in a row,” he said.

The site’s location, with the Broadwater on one side and a canal on the other, was what Mr Mian said attracted the buyer, who planned to turn it into apartments.

The site included a four-bedroom house at No. 24, a vacant block of land at No. 22 and a block of three units at No. 20.

The properties’ combined footprint is 2208sq m.

CoreLogic records show it is the first time in more than 30 years the house at No. 24 has sold.

The owner of the house also owned the land while another couple owned the unit block.