OFF MARKET

15-19 Royal Albert Crescent
Paradise Point QLD 4216

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2566m2
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Property Details for 15-19 Royal Albert Cres, Paradise Point

15-19 Royal Albert Cres, Paradise Point is a 0 bedroom, 0 bathroom House. The property has a land size of 2566m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Land Size
2566m2
Local Government
Gold Coast City
Lot/Plan
19/SP310699

Last Listing description (August 2024)

Tony Grbcic and Adam Grbcic from Kollosche Commercial, have been instructed by the Receivers, to market and sell 15-19 Royal Albert Crescent, Paradise Point (Sovereign Islands), QLD.

The Site is the prestigious Sovereign Islands enclave. Shovel-ready, this waterfront site offers a one-of-a-kind development opportunity.

The 2,566m2 allotment is the last triple block available in the elite and gated Sovereign Islands & comprises a current Development Approval for a boutique and luxury 8 apartment development.

The Site has the following key attributes:
- Land Size: 2,566m2*
- Water Frontage: 90m*
- Exclusive vacant site nestled within the esteemed Sovereign Islands enclave
- Unique opportunity as the only luxury apartment waterfront development site in the estate
- Exceptional waterfront lifestyle in a gated residential community

The Development Approval, "Windsor on Royal Albert" comprises:

- 8 luxury apartments with varying size and orientation
- Each apartment comes with an approved marina berth
- The elevated position ensures panoramic water vistas
- Zoned for Medium Density Residential, offering flexibility in design and use

There's also scope to subdivide the three blocks (STCA), which has lucrative appeal. Alternatively, take advantage of the DA in place for a boutique development, "Windsor on Royal Albert." Comprising eight luxury apartments with rooftop amenities and eight individual marina berths of varying sizes and orientations.

For further information please contact Adam or Tony Grbcic from Kollosche Commercial.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 15-19 Royal Albert Cres, Paradise Point, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$12,650,000
27 Jul 2022
  • 24 Jun 2024
    Listed for Sale $8,000,000 plus GST
  • 03 Mar 2023
    Listed for Sale CONTACT AGENT
  • 27 Jul 2022
    Sold for $12,650,000
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About Paradise Point 4216

The size of Paradise Point is approximately 4.1 square kilometres. It has 9 parks covering nearly 10.8% of total area. The population of Paradise Point in 2011 was 5,929 people. By 2016 the population was 6,558 showing a population growth of 10.6% in the area during that time. The predominant age group in Paradise Point is 60-69 years. Households in Paradise Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paradise Point work in a managers occupation. In 2011, 62.8% of the homes in Paradise Point were owner-occupied compared with 65.7% in 2016.

Paradise Point has 4,391 properties. Over the last 5 years, Houses in Paradise Point have seen a 116.71% increase in median value, while Units have seen a 89.98% increase. As at 31 August 2024:

  • The median value for Houses in Paradise Point is $2,251,728 while the median value for Units is $1,290,801.
  • Houses have a median rent of $980 while Units have a median rent of $650.
There are currently 101 properties listed for sale, and 5 properties listed for rent in Paradise point on OnTheHouse. According to CoreLogic's data, 211 properties were sold in the past 12 months in Paradise point.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.