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.
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.”