Gold Coast family secures keys in hotly-contested auction

A GOLD Coast family beat five other bidders to secure the keys to this Surfers Paradise property that hasn’t changed hands for more three decades.

The property at 74 Amalfi Drive, Isle of Capri attracted 17 bids when it went under the hammer.

Bidding started at $3.8 million before the hammer fell at $4.21 million.

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The house is in a prized riverfront location.

The sellers lived in the house for 31 years and paid just $300,000 for the property in 1991.

Set against the backdrop of skyline panoramas that stretch from Broadbeach to Surfers Paradise, the residence is on a prized main river position.

Kollosche Broadbeach agent Eddie Wardale said the aspect and location was hard to top.

He said the buyers planned to move in to the property and would look to rebuild in a few years.

“This home has been expertly maintained and cared for,” he said.

“So, while you could move straight in and enjoy, the opportunity is there to make a blank canvas of the block and build your dream home too.

“You’ve got the skyline views to Surfers Paradise to capitalise on and you’re less than 1km from Via Roma – the position here is nothing short of perfect.”

The five-bedroom, three-bathroom, two storey home makes the most of its 783 sqm block, with 420 sqm under roof.

There is a formal lounge, multiple relaxation and dining zones and a sun-soaked alfresco area with postcard perfect views.

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The formal lounge.

The garden is well-established and maintained with a lower-level guest quarters that could be turned into a dual living granny flat or live-in babysitter suite with the right inspiration.

Easy walking distance to boutiques, restaurants, cafes, and health amenities the location is second-to-none in Isle of Capri.

Article source: Queensland Property Investor