A dilapidated house perched on top of Moffat Headland has been bulldozed to make way for high-end, multimillion-dollar apartments designed for a prize home lottery.
RSL Queensland has plans before Sunshine Coast Council to redevelop the McIlwraith Street site, on the tightly held Moffat Headland, into a new multimillion-dollar property.
The aged timber home that stood on the site was sold last year by agent Dave Millar for $6 million – effectively just for the (542sqm) of land. The sale broke records at the time.
If approved, the luxurious redevelopment will be raffled off in a prize home lottery for RSL Queensland through the RSL Art Union, which is Australia’s biggest prize home lottery.
Zone Planning Group’s redevelopment proposal consists of a multimillion-dollar apartment complex made up of two two-bedroom units, a three-bedroom unit and a four-bedroom penthouse.
It also includes a split-level rooftop terrace overlooking Moffat Beach.
The lower ground-floor level will contain a two-bedroom unit, partially sunken into the natural ground, with a private pool and outdoor courtyards, as well as an accessible bathroom, plus services.
The ground level will have at-grade car parking, lobby and vehicle access and services, and a two-bedroom unit.
Level one will comprise a three-bedroom unit with a study, while level two will contain the four-bedroom penthouse and have a private access to a rooftop entertainment space.
The development will also have primary private open space areas on the northern side of the building to provide uninterrupted ocean views.
The large, tiered terrace area will have landscaping and an open pergola on the western side of the building.
RSL Art Union lotteries general manager Deborah Pescott confirmed the acquired land will be used for a prize home planned at a future date.
“The building will consist of four apartments including rooftop terrace that will be raffled off in a single large draw,” Ms Pescott said.
“The total prize value is yet to be confirmed at this stage and all funds raised will go towards helping veterans and their families.
“Not only does the art union provide critical support to veterans, but it also changes the lives of everyday people who purchase tickets in the prize home draws. Each draw day sees a valued supporter’s multimillion-dollar dream come true.”
An RSL spokesperson said the proposed complex had been designed to integrate seamlessly with the surrounding properties on the Queen of Colonies walkway.
“Some gorgeous inclusions for the lucky winner include an outdoor shower, pedestrian access to Queen of Colonies walkway down to Moffat Beach and a sauna for the complex,” the spokesperson said.
“There is also plans for an internal dog-washing facility for any sandy pooches.
“The lower ground-level apartment will have a dedicated outdoor living space with incredible views of the ocean – including the Moffat Beach surf carnival when it runs – or watch the surfers riding the waves on most mornings.
“The property includes plenty of off-street parking and a dedicated bike storage.”
The eventual prize would be worth well over $6 million by the time the luxurious apartments are built, but that’s not unusual for the lottery group.
Some of the prize packages previously raffled on the Gold Coast have been valued at $12.5 million and $10.6 million.
Article source: Queensland Property Investor