Gold Coast Soul Penthouse on market as it nears overdue completion

Gold Coast Soul Penthouse on market as it nears overdue completion
Gold Coast Soul Penthouse on market as it nears overdue completion

The Soul Penthouse on the Gold Coast – purchased off the plan in late 2006 for $16.85 million – is on the market again as its nears completion and initial settlement.

It is a four-level penthouse with six bedrooms on the 70th floor of the Cavill Avenue building. There’s a private internal Italian glass lift and staircase.

It’s being marketed by Karyn O’Dea of Ray White Robina Varsity, who says there’s nothing like it in Australia.

“From every angle you are greeted with breathtakingly beautiful uninterrupted views of Surfers Paradise’s golden beaches and the Pacific Ocean,” O’Dea, who is advertising the property worldwide, says.

Set 240 metre above Surfers Paradise beach, the penthouse has 1,040 square metres of space.

“The current owner, who is involved in one of the largest equipment hire businesses in Australia, now has a young family so he’s putting it on the market,” O’Dea says, indicating it is more likely suited a bachelor.

“It’s really the world’s best bachelor pad,” she says.

No price guide has yet been given, and the identity of the seller has not been splashed around in the press.

Offers are due mid-June on the penthouse with Ray White. The pictures below show the Soul lower-level facilities.

{yoogallery src=[images/stories/april23penthouse2]}

Initially due for completion in 2010, the Juniper Group's Soul development is running behind schedule, with its staggered settlement set to continue until mid-year.

Securing settlements of some of the lower 288 apartments has been a challenge for the developer, given the Gold Coast downturn.

The initial sales of the Soul apartments were undertaken in late 2004, when in a coup of timing some $200 million was secured from 126 sales following its Boxing Day 2004 release.

Prices started at $1.05 million, with the penthouse coming with a $16.75 million asking price. By October 2006 some 150 units worth $300 million had been exchanged, including the penthouse.

The penthouse is listed by Ray White in conjunction with John Ashmore from Knobel & Davis Property Services.

Its specifications are:

Level 70 Indoor Living Area: 119m2
Outdoor Living Area: 47m2

Level 71 Indoor Living Area: 205m2
Outdoor Living Area: 164m2

Level 72 Indoor Living Area: 190m2
Outdoor Living Area: 135m2

Level 73 Outdoor Living Area: 180m2

Penthouse apartment photos are a montage which come with envisaged overlayed interior design impressions

 

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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