$20M TAG FOR SURFERS PENTHOUSE THAT WAS NEVER LIVED IN

Written on the 3 May 2012

$20M TAG FOR SURFERS PENTHOUSE THAT WAS NEVER LIVED IN

AN opulent Surfers Paradise penthouse is tipped to sell for an Australian record $20 million after being placed on the market by the owner just three months before its completion date.

Brisbane businessman Charlie Caltabiano says the luxury property no longer suits his lifestyle.

Caltabiano bought the sprawling, four-storey penthouse five years ago for $16.8 million. The price tag at the time was the highest paid in Australian for an apartment.

John Ashmore from Knobel and Davis Property Services and Karyn O'Dea from Varsity Lakes-Robina Ray White are marketing the property via an expressions of interest campaign that closes on June 15.

The sale has its own website named worldsbestpenthouse.com.

“It is a stunning and amazing property,” says Ashmore.

“You are not going to find anything like it on the Gold Coast or even Australia.”

The penthouse, 240m above Surfers Paradise beach, covers levels three levels of the Soul high-rise with total floor space of 1040sq m.

It includes a rooftop pool, spa and entertainment area and a private internal glass lift and staircase.

The master suite has a separate outdoor spa and retreat. There are six bedrooms, six car spaces and 24-hour room service available.

Caltabiano, is a director of Brisbane-based machinery rental company Forcecorp. He says he now has two young children and the apartment no longer fits his lifestyle.


Latest News

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

MANTRA BOASTS OF SUCCESSFUL HOTEL INTEGRATION AS NET PROFIT GROWS 15 PER CENT

MANTRA Group (ASX:MTR) CEO Bob East has praised the performance of the company's new Honolulu Hotel as it posted ...

WHITEHAVEN TRIPLES EARNINGS, PAYS DOWN DEBT AFTER COAL PRICE TURNAROUND

THE HIGH coal price has allowed Whitehaven Coal to triple earnings and pay down a large portion of its debt in the fi...

BABY BUNTING BUOYED BY CLICKS AND BRICKS PERFORMANCE

BABY Bunting has grown sales 18.1 per cent to $135.1 million in the first half of FY17, sweetened by the opening o...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter