Beachside

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A beach box professionally painted with the Australian flag is back on the market in Mornington, Victoria.
The beach box retains hopes of a <a href="https://www.mcewingpartners.com/index.cfm?pagecall=property&amp;propertyid=2941071" target="_blank">$100,000 buyer</a>.
The beach box was up for sale in January this year. It is now on the market through Campbell Noonan of McEwing Partners.
The bathing box sits on Shire Hall Beach, just steps from the car park and walking distance to Main Street.
Beach and bathing boxes are icons of the Victorian beachscape and occupy an important role in bayside beach life.
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Iconic beach box for sale in Mornington

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LA-based actor Simon Baker might have a new neighbour at his Bondi Beach bolthole, or perhaps move to secure three quarters of the top floor of his lowrise apartment complex.
One of the other two apartments with rooftop patio has just been listed through Raine &amp; Horne agent Hannah Bouskila for May 5 auction.
Set on the Ben Buckler peninsula in an art deco building of just seven,<a href="https://www.realestate.com.au/property-apartment-nsw-north+bondi-122355678" target="_blank"> the 69 sqm apartment offering has two bedrooms, two bathrooms</a> plus its all important 66 sqm roof terrace. 
Baker's adjoining three bedroom apartment spreads over 135 sqm and takes up half of the roof, fitted with a covered bbq kitchen.
It is a near beachfront $2.63 million Bondi bolt hole which Baker purchased in 2014.
It's unsure whether Baker has seen the auction board sign that went up this week in front of the two storey block on Hastings Parade.
You'd imagine he'd have been called by his buyer's agent Janne Sutcliffe.
Prices on the headland parade have ranged between $1.2 million and $2 million over recent weeks. 
The Logie award winning actor is regularly spotted enjoying the beach lifestyle at Australia’s most famous beach when ever he's here from LA.
A sale to Baker would further increase the longtime Mentalist stars eastern suburbs property portfolio.
He paid $6.5 million last July for a Bronte hillside home having lived in LA with his wife Rebecca Rigg and their three children since the mid 1990's.
He also owns in the Byron Bay hinterland.
The 45-year-old Baker has turned director, preparing for his forthcoming film, an adaptation of Tim Winton's disturbing novel Breath which he will star in and co-produce.
The coastal Australian setting has seen Baker film at Bronte Beach.
Baker wouldn't be the first to start on a complete top floor aquisition of an apartment block in North Bondi.
There was also former David Jones CEO Mark McInnes secured two top floor apartments for around $5.5 million, which adjoined his earlier $1.6 million acquisition.
The chairman of Caledonia Investments Michael Darling and wife Manuela Darling-Gansser paid $14 million for an entire Ramsgate Avenue apartment complex in 2011.
Sold by retired IT entrepreneur Neill Miller, Darling then commissioned son-in-law and architect Nick Tobias to design the family compound project.
The plan was for the Darling's to live in an apartment which covered the whole top floor, with the lower floors converted to a recreation space for his children and grandchildren.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Neighbouring beach pad to actor Simon Baker listed

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The fringe areas of Queensland's Tweed were discussed by valuation firm Herron Todd White in their April property clock -- a simple broad brush means to suggest where property prices are and where they are headed. 
The fringe suburban areas at the southern extremity of the Gold Coast and Tweed are the inland locations of Bilambil Heights, Chinderah, Cudgen, Tumbulgum and beach side towns of Pottsville, Cabarita and Bogangar. 
Within Bilambil Heights , the average range in selling prices for units in the past six months is between $325,000 and $400,000. Weekly rents range between $300 and $425. Gross yields generally range between 5 percent and 6 percent. The average range in selling prices for houses sits between $400,000 and $550,000 with gross yields generally ranging between 4.5 percent and 5.5 percent. 
At Chinderah, Cudgen and Tumbulgum, the average range in selling prices for units in the past six months is between $200,000 and $300,000. Weekly rents range between $225 and $350. The range in selling prices for houses is between $325,000 and $550,000 with rents between $350 and $550 per week, with an example of gross yields of circa 4.75 percent to 6 percent.
The beachside townships of Pottsville, Cabarita and Bogangar have unit sales within the past six to eight month from as low as $250,000 up to $450,000 generating gross yields of up to 5.5 percent. The houses appear a better investment as they have no body corporate fees. Sales between $450,000 and $625,000 generate rents between $475 and $600 per week reflecting gross yields of up to 5.5 percent. 
Sales activity and prices have improved within the beachside, sought after Tweed Coast locations, making it more difficult for buyers as stock levels have tightened. Accordingly, some buyers are opting to purchase better properties in fringe localities which provide more property for their money.
History has however generally shown that it is wiser to invest in property in localities closer to the coastline and urban amenities. Although, based on affordability restraints, some buyers can only afford to purchase in fringe areas which have lesser capital growth in comparison to ‘in demand’ localities.  
Property Observer looked up some recent sales in the fringes of Tweed on www.realestate.com.au around the average range for some of the mentioned suburbs.
1. A two-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-chinderah-122536086" target="_blank">82 Wommin Bay Road, Chinderah</a> sold for $385,000.
2. A three-bedroom duplex at <a href="https://www.realestate.com.au/property-duplex+semi+detached-nsw-pottsville-121697386" target="_blank">1/43 Newcastle Drive Pottsville</a> traded for $420,000.
 
 
 
 
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Tweed Coast fringes attracting buyers as beachside property prices spike: HTW

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One of Perth’s popular live music venues, the Indian Ocean Hotel, is up for sale presenting an opportunity to acquire more than 4,000 sqm of beachside real estate. 
The sale will be through an offers to purchase campaign through CBRE Hotels’ Ryan McGinnity and David Kennedy under instruction from the receivers and managers appointed, HLB Mann Judd (Insolvency WA). The campaign closes in mid-May.
This is the first time the family-owned asset has been offered to the market in more than 30 years. 
The five-level, 59-room hotel includes Indi Bar and Bistro, which has hosted some of Perth’s best live music over the past two decades, including The Waifs, John Butler and Dave Hole. 
Located within the Metropolitan Redevelopment Authorities’ $57.4 million Scarborough Redevelopment Area, the Indian Ocean Hotel offers potential for future development, with a residential 160 zoning and additional special use as hotel. 
McGinnity said the property was expected to attract strong buyer interest.  
“The property is not only one of the most loved hotels and live music venues in the northern beachside suburbs, but it is also strategically situated on 4,200 sqm landholding in the soon to be revitalised Scarborough Redevelopment Area,” McGinnity said. 
“The multiple options which the site offers suggests the asset will be keenly sought after by onshore and offshore groups looking at hotel investment, or future residential or mixed use redevelopment.” 
The current zoning allows for an eight-storey development, with potential for 12 storeys, said a media release.
The Indian Ocean Hotel still enjoys strong occupancy and good levels of profit, he added
“Given the size of the property, the history of the venue and the recent changes to development height limits, the Indian Ocean Hotel site offers fantastic further development potential while retaining the existing hotel building,” Kennedy said, adding given the hotel is now 45 years old, it may soon be time to redevelop the site entirely. 
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Live music hub Indian Ocean Hotel in Perth up for sale 

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Former Carlyle Group managing director Simon Moore has traded up beach houses in a big way, spending $8.05 million on a Bronte home.
Moore recently sold his award-winning Great Mackerel beach house for $2.675 million.
His new Bronte home has been owned by Deane family for around 48 years until sold by <a href="https://www.realestate.com.au/property-house-nsw-bronte-121071002">Wayne Yates and Steven Zoellner of Laing + Simmons.</a>
His award-winning Pittwater house was designed by Dawson Brown Architecture for wine consultant Douglas-James Robertson in 2003.
Moore bought the property for $3.25 million in 2006.
He recently spent $6 million purchase on a farm in Wantagong in southern NSW.
This article was first published in the Saturday Daily Telegraph.
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Simon Moore upsizes beach homes

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Busy down in St Kilda filming the upcoming season of The Block, busy interior designer Shelley Craft has listed the Byron Bay building block she bought just over 12 months ago.
Craft and her husband, Byron Bay real estate agent Christian Sergiacomi, are selling the <a href="https://www.realestate.com.au/property-residential+land-nsw-byron+bay-202085610" target="_blank">parcel near Belongil Beach</a> with approved plans.
The plans were done by Paul Uhlmann, who recently helped complete their home nearby.
The couple, who live with their two daughters, were planning to build a beach house to utilize as a Belongil Beach holiday rental.
They envisaged it as 'Shelley's beach house' project. 
Construction on Christian and Shelley's home nearer town has been completed. Its most recent addition was a swimming pool, which was filled in just before Christmas to delight of daughter Eadie.
They spent $3 million on a 1,010 sqm land parcel near the centre of town in 2016 before commissioning the build of their family home.
Its purchase came after they sold their luxury hinterland home at McLeod Shoot for $2.55 million which sold to the former Bronte based entrepreneur Justin Butterworth who pioneered online holiday home rental websites in Australia.
Craft had got some design tips from fellow Block stars Darren Palmer and Shaynna Blaze after the property was bought from the McGettigan pioneering family who first settled in Byron Bay in 1882.
They made some effort to begin the Belongil project, again enlisting their builder Ben Joliffes at Jbuilds Byron Bay to draw up plans which came with an estimated cost of $800,000. 
Those plans come with the sale, which is being handled by Sergiacomi's colleague Jeremy Bennett at Byron Bay Property Sales.
Sergiacomi told me he and Shelley were prepared to go ahead with the build if the right offer doesn't come in.
"We have our DA and looking to explore the market with the block," the former film crew member on the Block said.
"There is some good energy currently in Belongil and we believe our block is one of the best positioned there."
The parcel is located opposite celebrity chef Shannon Bennett's Byron holiday home.
Harvey Norman heir Glen Norman is also rebuilding a beach house on a beachfront block that previously belonged to Paul Hogan's former sidekick John 'Strop' Cornell.
This article was first published in the Sunday Telegraph.
 
 
  
 
 
 
 
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