VAL gets prized hunk of Snapper Rocks. | Photo: Commercial Real Estate

Self-confessed VAL buys hottest piece of beachfront real estate in surfing!

Passionate newcomer to surfing plans landmark apartment building at Snapper Rocks!

Four months back, a low-rise block of ghetto apartments with point-blank views of the Supa Bank was put on the market with a price tag north of twelve-million Australian dollars.

The six owners at 1  Petrie St, Coolangatta, were rumoured to include the four-time world champ Mark Richards, who owned the top floor apartment, and a prominent boat owner currently at sail in the Mentawais, each of whom would net a couple of mill each.

Val Gets Prized Hunk Of Snapper Rocks.

(See sales spiel here.)

Now, it can be revealed, a “passionate newcomer to surfing” has bought the block and has plans to erect a $A70-mill “landmark apartment building” on the site.

From The Gold Coast Bulletin:

The site, sitting above Rainbow Bay at Coolangatta, puts developer Paul Gedoun a stroll away from four surfing beaches.

He plans a “high-spec” 12-floor tower with 16 apartments and which will be crowned by a $10 million-plus two-level penthouse.

Buyers of the few two-bedroom apartments will pay at least $1.1 million and those wanting a whole floor will be spending between $6 million and $7 million.

The Brisbane-based Mr Gedoun, a 42-year-old father of two who “discovered” surfing at Rainbow Bay four years ago, will keep one of the whole-floor apartments for his family.

He yesterday said that before his deal went unconditional this week he already had been besieged by would-be buyers, some using “unorthodox” methods to try to contact him.

Mr Gedoun said the property was a gem, sitting on a peninsula to which there was one way in and one way out.

“There are four world-class surfing beaches a walk away – Rainbow Bay, Greenmount, Snapper Rocks and Duranbah,” he said.

“It’s a landmark site and I want to deliver a landmark project that does the site justice.

“I love everything about it and can’t believe I’ve been lucky enough to buy it.”

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Superworm
Superworm
6 years ago

👍

shootsthen
shootsthen
6 years ago

He’s happy about building his house in front of what is perhaps the busiest, most ruthless section of beach in the world? What a donkey.

astro
astro
6 years ago

Ah well at least the boys will be able to moon him on the grass across the road for nothing.

channelbottom
channelbottom
6 years ago
Reply to  astro

I think homebrew trebuchets firing buckets of shit might be a more honest option.

channelbottom
channelbottom
6 years ago

God bless this gentleman, for this hard work he is about to undertake.

For truly, what the world needs now, more than anything, is yet more luxury apartments.

astro
astro
6 years ago
Reply to  channelbottom

Fuck all that Body Corporate shit.
The rich fucks and wannabes can have it.

channelbottom
channelbottom
6 years ago

So, were there a lot of snapper, off the rocks?

I just had some last night for dinner.
Mmmmm. Yum yum.

I’m not generally a big fish fan, but I do like me some snapper.

Erik Bogan
Erik Bogan
6 years ago

All the money in the world still won’t buy you a wave behind the rocks.

Chief Hot stuff
Chief Hot stuff
6 years ago

He’ll get Gabed every wave

Waxingfitzgibbous
Waxingfitzgibbous
6 years ago

They’ll be lining up to Gabe all over that cunt

Lemon Next to the Pie
Lemon Next to the Pie
6 years ago

More likely to get Caioed.

Chief Hot stuff
Chief Hot stuff
6 years ago

Yeah I couldn’t decide which one it was.
But you know
I got gabed by some cunt, works

Beef & Beer
Beef & Beer
6 years ago

Not as bad as getting Giloollied..

Superworm
Superworm
6 years ago

Good on him, sounds like a top bloke. Just a fair dinkum little Aussie battler having a go at the Australian dream 🇦🇺

Gino
Gino
6 years ago
Reply to  Superworm

No disrespect to DR, but I wasn’t even going to read this until I saw your comment, and I had to after that.
Sorry I did.

Superworm
Superworm
6 years ago
Reply to  Gino

Sorry mate that’s my Australian sense of humour shining through

Gino
Gino
6 years ago
Reply to  Superworm

Yeah..I knew that going in.
I just wasn’t sure what level of disgust I would feel after reading it.

Superworm
Superworm
6 years ago
Reply to  Gino

I’d say a pretty generic level really. I mean as long as he’s not using single use plastics or plonking an oil rig just inside the shark nets she’ll be right as rain. If he wants to restore the native habitat throw a coupla dozen brickies laptops in the ground floor watering hole and watch the wildlife flourish

Waxingfitzgibbous
Waxingfitzgibbous
6 years ago
Reply to  Superworm

gotta have a go, to get a go

Superworm
Superworm
6 years ago

Boomers never leave a boomer behind.

Ed
Ed
6 years ago

https://www.goldcoastbullet…

Someone think of the children…. The place is full of sharks

Lemon Next to the Pie
Lemon Next to the Pie
6 years ago
Reply to  Ed

Currumbin has a creek which is used by fisherman to launch their boats and cruise through the bar to get out to reefs not too far away. One morning, maybe mid-80s, one such fisherman had left the carcass of a 6′ bull shark at the corner of the rocks, where surfers had to walk past to jump off the rocks, but it wasn’t visible from the carpark. Given that Jaws (the movie) was still fairly recent in peoples minds, it was amusing to see so many dudes walking out and turning back when they saw the toothy beast. The less people in the water at a point break the better I say.

Lemon Next to the Pie
Lemon Next to the Pie
6 years ago

Hip hip hurrah. Hopefully he brings a few of his mates down when the holidays are on.


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