Surfers Paradise apartment as big as your average house block

A Gold Coast beach pad that’s more like a house than an apartment is set to attract plenty of interest when it goes under the hammer next month.

Described as the “ultimate coastal retreat”, the huge 373 sqm residence in the ‘Ultima’ building at Surfers Paradise was a family home for Scott and Jayne Lyddiard, along with their two sons.

Records reveal the couple paid $975,000 for the property in 2017, and while it was initially a holiday home, the family couldn’t resist moving from Brisbane to enjoy the Glitter Strip lifestyle.

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The property is steps from the beach.

“It was ideal as we have the kids and being on the ground floor, we had the entire outdoor area,” Mr Lyddiard said.

“It’s like having your own backyard — the boys could pass the footy or run around and we would have friends over and have our own barbecue area.

“It’s identical to a house but without the maintenance.”

The three-beddroom three-bathroom residence is one of just 10 in the Ultima building — which includes a heated pool and spa — on Garfield Terrace.

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Another living area.

The property offers a single-level floorplan serviced by an elevator from the basement or steps from the street.

“When I came down from Brisbane I could park in the basement car park, walk out the front and not catch the lift and I would get that fresh air that would instantly make me feel like I was on holiday,” Mr Lyddiard said.

“You can literally walk out the front door and go up to Cavill Ave and get the life of the Gold Coast or head down to Broadbeach and stop at The Langham and have a coffee.

“It’s an ideal spot.”

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You can walk to the beach.

Since buying the property, the couple has modernised it with a new laundry, new entertainment wall, a bioethanol fireplace and a built-in study.

While the property offers plenty of space, it is its proximity to the beach which really cements its credentials, according to Mr Lyddiard.

“My wife liked that in the morning she would be in the kitchen making her morning coffee and could look out across the ocean and see the blueness of the water,” Mr Lyddiard said.

“You can also sit out the front and enjoy the ocean,” Mr Lyddiard said.

“I used to sit out there most mornings and have a coffee and watch the morning sun come up.”

Ray White Prestige Gold Coast – Surfers Paradise agent Robbie Graham is taking the apartment at 1/30 Garfield Terrace to auction on August 17.

InfoTrack’s latest market update shows Surfers Paradise recorded a 62 per cent increase in unit sales from the month of April to May, despite rising prices.

InfoTrack head of property Lee Bailie said the Gold Coast’s tourist mecca not only held its title, but proved more popular than ever.

Article source: Queensland Property Investor