Property developer Juniper Group has sold two adjoining 60th level apartments at its flagship Soul Surfers Paradise development to a Papua New Guinea-based businessman for almost $7 million.
Soul Senior Sales Consultant Amanda Conduit said the buyer initially purchased one apartment on Level 60 for $3.75 million.
“When I suggested he purchase the adjoining apartment with the possibility of making a single home on the Esplanade, he said: ‘What a great idea’,” she said.
On completion, the apartment will feature a 90sq m master bedroom comprising a large lounge area, massive walk-in wardrobe and ensuite with free-standing bath. The room also adjoins a private balcony.
The apartment also has quality sub-penthouse fittings, lounge, dining and media rooms and beachfront balcony views from the south-east past Q1 and beyond Coolangatta. Views stretch north up the Broadwater towards Stradbroke Island and south-west to Lamington National Park.
The businessman spent a total of $6.65 million on the two apartments which will be turned into a single luxury home with over 300 sq m of floor space.
“He wanted great real estate and he’s got it with absolutely wonderful uninterrupted beachfront views,” Ms Conduit said.
Juniper Group Sales and Marketing Manager David Kortlang said 17 apartments had each been sold for more than $4.5 million, including the penthouse which sold for a then Australian record of $16.85 million in October, 2006.
“Our sales are proving that despite the difficult times for global share markets, investors are still turned on by first-class property and Soul Surfers Paradise is tailor made for the top-end buyers,” he said.
Juniper’s Soul sales team has already recorded in excess of $425 million in apartment sales.
Mr Kortlang said the $850 million, 77-storey Soul residential tower and retail precinct had attracted increasingly strong interest from people seeking sophisticated beachfront property and a quality long-term investment.
“Soul is the centerpiece of the revitalised Surfers Paradise Esplanade.”
The Soul development is the undisputed crown in the Juniper Group’s property portfolio.
Now under construction in the heart of Surfers Paradise, the residential tower and retail precinct will be home to up to 288 luxury apartments overlooking one of Australia’s best-known beaches in a location that can never be built out.
Featuring a 114m beachfront frontage and a 55m frontage to the iconic Cavill Mall, Soul and its multi-million-dollar retail plaza are certain to attract a new level of fashion, style and excitement to the area.
Prospective buyers have even more incentive to consider Soul at the moment, with Juniper Group offering the chance to buy an apartment now and not settle until late 2010.
“Buyers can secure their future with a 10 per cent deposit and not have to pay anything further for three years,” Mr Kortlang said.
Final completion of the tower is expected to take place mid-2011.