Former Gold Coast loan shark Tim ‘Sharky’ Ward is taking his luxury Surfers Paradise mansion to auction

ONE of the Gold Coast’s most notorious figures is taking his waterfront mansion to auction.

Former loan shark Tim ‘Sharky’ Ward’s luxurious six-bedroom residence at Surfers Paradise, is set to go under the hammer on July 22.

Mr Ward, once dubbed one of the country’s toughest loan sharks, earnt a reputation as a money lender and nightclub owner.

The house on Admiralty Drive, Surfers Paradise.

He last year moved back to the Gold Coast from Thailand after more than a decade living abroad, and said his return was prompted by “devastating impacts of Covid-19” in Thailand.

At the time he told the Gold Coast Bulletin he he had left his former Glitter Strip lifestyle behind: “I’ll never be part of that again,” he said.

“It was a part of my life, but it’s gone now – I just want to chill out, ride my dirt bikes and relax.”

Originally built in 2002, Mr Ward bought the palatial Surfers Paradise home from Shane Brewer and Maria De Fatima Brewer for $4.325 million in June 2008.

The property was earlier this year listed for sale with a price tag of $6.3 million with another agency.

It had previously been up for rent for $3200 per week and had also been listed on Airbnb.

The mansion overlooks the Nerang River on one of the ritziest streets on the Coast and comes with informal and formal living areas, a huge riverfront entertaining area, three-car lockup garage, study, polished timber floors, boat mooring space and pool.

The house wraps around the pool.

The luxurious main bedroom has an expansive walk-in-robe, lavish ensuite with spa bath as well as a balcony.

The residence is also ideal for boating enthusiasts with deep water frontage, a floating pontoon and concrete jetty.

Russell Rollington and Bob Rollington of Surfers Paradise First National Real Estate are marketing his property.

“Situated on the widest stretch of main river on exclusive Admiralty Drive, this magnificent double level craftsman built residence offers a functional lifestyle opportunity with spectacular expansive river and city skyline views that will take your breath away,” the listing states.

“If you are looking for the very best position, the search is over, it simply does not get any better than this.”

“As soon as you enter you are greeted by the sweeping main river, abundance of natural light, space, feature marble clad staircase with high ceilings and voids that makes an immediate impression.”

The highest sale in the street was No. 60 which changed hands for $13.6m last year.

Article source: Queensland Property Investor