Eye-watering price hopes for bare block on Gold Coast’s “millionaires’ row”

first_imgThe double block was originally home to the “Elephant House”, which was knocked down by property investor John Pilkington in 2012 after he bought it for $9.5 million from former AFL footballer Rod Galt. Milk magnate Ken Lacey, entertainment entrepreneur Michael Edgley, singer Diana Ross and Gold Coast bookie Terry Page also have links to the property. The block and its neighbour at No. 47 were bought as a pair by veteran property developer John Potter in 2016.He splashed $7.7 million on the double block and had plans to build a multi-level apartment building, at one stage saying each apartment would have a $7.5 million price tag. However, in 2017 he told the Bulletin his plans had changed and he had decided to sell the blocks separately. More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe property next door, No. 47, sold for $4.6 million in late 2017 to Highgrove Bathrooms founder Lindsay Sinclair, who had plans for a tri-level mansion, but it remains vacant. Mr Potter will realise a $1.4 million profit if No. 49 achieves its price guide. How much would you pay for this beachfront block?A bare block of land in Mermaid Beach’s illustrious “millionaires’ row” has hit the market with a hefty $4.5 million price tag. The skinny beachfront site at 49 Hedges Ave is 405sq m and one of the last vacant lots on the strip. 47 Hedges Ave, Mermaid Beach, sold for $4.6 million in 2017.“No. 49 is already priced under next door which represents good value for money,” Mr Stevens said. “We are starting to run out of these vacant block opportunities and so many buyers want property on the sand.” Mr Stevens said five of his last six sales on millionaires’ row were to interstate or international buyers and totalled more than $25 million. “In the softer market that Australian real estate is experiencing, the Gold Coast is now seeing the demand outweigh the supply,” he said. “In particular we are seeing more Sydney and Melbourne buyers starting to look closely at our blue-chip positions as it is a great place to invest in due to the spectacular value we represent.“Interstate buyers are getting bang for buck here.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:15Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:15 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: The value of a view01:16 49 Hedges Ave, Mermaid Beach, is on the market with a $4.5 million price guide.The site is listed through Harcourts Coastal Broadbeach agent Tolemy Stevens and Tony Velissariou of Tony V. “It’s the ideal opportunity for someone to build their dream home on the beachfront of Mermaid Beach, regarded by many as Australia’s No. 1 beachfront destination,” Mr Stevens said. M ORE NEWS: Buy a house, get a free holidayMORE NEWS: Coastal town’s record blown out of the waterlast_img read more

Lagos City Marathon: 10km Winners Set To Receive Car Prizes

first_img The General Manager for the race, Yusuf Alli while expressing satisfaction with the 2020 edition held in February has revealed that options for the 2021 edition are already being studied. “With the car presentation now set to be done, that means we are done and dusted with 2020 and now looking forward to 2021,” he said. He continued: “We are already considering various options which include a reduced number of participants to allow for social distancing if required  and many other things I don’t want to divulge for now” For Monday’s car presentation, Alli assured that all protocols, as prescribed by the NCDC, will be strictly followed. He said: “This year’s presentation will be devoid of the usual fanfare with very few journalists in attendance along with the winners as well as representatives of the organizers and sponsors” read also:Kenyan Athlete Wins 2020 Lagos Marathon The 2021 edition of Access Bank Lagos City Marathon is billed to take place on Saturday, February 13. FacebookTwitterWhatsAppEmail分享 In their usual tradition of keeping true to promises, the organisers of the annual Access Bank Lagos City Marathon will on Monday present two Kia Saloon cars to winners of the 10km races in the 2020 edition. Oyebode Dada Sunday and Vera Yohanna Dovou emerged tops in the 10km men and women’s races respectively and they would effectively become car owners on Monday. The 10km fun race is one of the innovative ways organisers have been encouraging more participation in the Lagos Marathon. In a statement issued by Olukayode Thomas,  Head of Media and Communications for the Access Bank Lagos City Marathon, he explained that while cash prizes have since been paid to winners, there is a slight delay in the presentation of the cars due to the unexpected coronavirus pandemic that has disrupted many activities around the world. He said: “We are grateful that we now have a window to finally, do what we projected to do long ago but had to put on hold due to the peculiar situation we found ourselves” “The winners have all been contacted and they would be officially presented with their prizes on Monday.” Now in its fifth edition, the Access Bank Lagos City Marathon is proudly ranked high among road races across the world with a Silver Label. Loading…last_img read more

Ohio man accused of trading drugs for sex with children

first_imgPolice arrested an  Ohio man who exchanged drugs for sexual access to children of drug-addicted parents and took sexually explicit photos of the girls to create child pornography, according to an indictment made public this week.69-year-old Larry Dean Porter repeatedly traded drugs for sex with three girls. He had several other adults help him transport the victims to his home. Police say one of the victims was only 7 years old. Porter both raped the girls and filmed himself raping them, U.S. Attorney Dave DeVillers said Wednesday.Occasionally allegations come along that call into question “our confidence in humanity,” DeVillers said. “This is one of those cases.”Numerous sources in Scioto County in southern Ohio told the FBI that Porter “was involved in sexually abusing minors, and that such abuse was occurring with the consent of the minors’ parents who were receiving illegal controlled substances from Porter,” the complaint said.Two of Porter’s adult daughters, are accused of trying to hide evidence by taking key material to a storage unit so investigators wouldn’t find it.The abuse began in 2013 and continued until this year, DeViller said. The investigation is continuing and there are believed to be more victims.Nine people were charged in total.last_img read more

Mayor: Broward Restaurants to Remain Open with Tighter Rules

first_imgBroward County has a revised plan to combat the growing number of coronavirus cases.On Wednesday, officials announced that instead of again closing restaurants to cope with the spread of the disease, they will merely tighten restrictions.To that end, restaurants will be required to limit tables to six people for indoor dining, and must close by 10 p.m., under an order from County Administrator Bertha Henry.Mayor Dale Holness said the new policy will take effect this Friday.In addition, restaurants that violate the order will be closed for 24 hours. Each additional violation will require the business to close for another 72 hours.Fines could end up being as high as $15,000.Vacation rentals also will have stricter rules, since they are being used to host parties.The order will require that only the people who signed up for the rental be allowed there.#SafetyFirst @AskBMSD pic.twitter.com/o5hWdTnHgZ— Municipal Svcs Dist (@AskBMSD) July 8, 2020 “If we don’t take all take responsibility to reduce the spread of this virus, what will happen is that the economy will continue to get worse because people are not going to be comfortable going out to dine,” Holness said.If the restrictions do not ultimately stop the rise in numbers, Holness said county officials could tighten enforcement, increase fines and close other businesses.He added that the order will remain in place until there is a drop in cases.Holness said earlier this week that more than 50 percent of complaints the county receives on its 311 hotline are regarding restaurants not following rules.Palm Beach County has not announced any similar closures at this time, although Mayor Dave Kerner said he could not say what may happen in the coming days.Broward’s beaches opened last Monday after being closed for the Fourth of July weekend.Florida recorded nearly 9,989 new cases of the coronavirus and 48 more deaths on Wednesday.Locally, Broward has 23,781 confirmed cases and 419 deaths. Palm Beach County has 18,231 confirmed cases and 569 deaths.last_img read more