Auction set for epic Gold Coast mansion once listed for $45m

first_img More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoRiccardo Rizzi took on the challenge of completing the build. Picture Mike BatterhamNo expense has been spared by Mr Rizzi who has risen to the challenge of bringing the vision for a grand Mediterranean masterpiece to fruition.The six-bedroom pad has a billiard room, cinema, wine cellar, 25m outdoor pool, a gymnasium with spa, chiller pool, steam room and sauna.Mr Mian said it was impossible to put a price on the property, taking into account the value of land, years of trade labour and materials imported from around the globe. MORE: Hollywood Hills comes to Oxenford The Mediterranean masterpiece will go to auction on October 17.Amir Mian, principal of Amir Prestige, said it was the first time a property of this calibre would go under the hammer on the Gold Coast. “The final touches were made two weeks ago so the home will go to auction as new,” he said. “The strength of the prestige market on the Gold Coast right now is the best it could be.“There has never been a better time to put a property of this standing to auction.” Top 10 eye-popping Gold Coast houses Manpower founder lists Broadbeach Waters mansion The property boasts 106m of water frontage on the best five north-facing blocks on Sovereign Islands.center_img The unfinished mansion in 2013. Picture: Luke MarsdenThe previous owners, accountant Clare Marks and her lawyer husband Scott Tyne, are reported to have outlaid $21.44 million on the initial construction and four blocks of land.Perth-based Mr Rizzi later acquired an adjoining 777 sqm block for $1.2 million, increasing the total holding to 4254 sqm. A 4m high, 1500kg bronze statue is among the more ostentatious features.The auction campaign is expected to attract worldwide interest, with overseas residents without an Australian visa eligible to buy. “The campaign will target buyers Australia wide as well as China, Hong Kong and Singapore,” said Mr Mian. “There are plenty of billionaires who are looking through a post-pandemic lens and seeing the Gold Coast as a safe place to be.” Amir Mian, principal of Amir Prestige, with sales agent Faith Liu. Picture: Tertius PickardThe auction date comes hot on the heels of Mr Mian’s $22.5 million sale on 187-191 Hedges Ave, Mermaid Beach last month, the latest in a string of record real estate deals.The Sovereign Islands estate was put to market with a $45 million price tag a year ago in a move designed to “test the waters” while construction continued. The property famously sold in an unfinished state to civil engineer Riccardo Rizzi for $5.3 million at a mortgagee auction in 2013. The extraordinary estate at 26-34 Knightsbridge Parade East, Sovereign Islands.They say Rome wasn’t built in a day and nor was the Gold Coast’s most extravagant house. The final touches on a grand Sovereign Islands trophy mansion – previously listed with a price tag of $45 million – have been made more than a decade after work first began.Built across five north-facing waterfront blocks on Knightsbridge Parade East, the keys to the completed mansion are up for grabs with an auction set down for October 17.last_img read more

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1st Test: South Africa pacers steal Bhuvneshwar Kumar’s thunder as hosts take Day 1 honours

first_imgSouth Africa pacers rocked India early as the hosts clawed their way back following a poor batting display on the first day of the first Test at Newlands in Cape Town on Friday.India had a disastrous start with Murali Vijay (1), Shikhar Dhawan (16) and captain Virat Kohli (5) falling without contributing much after the visitors bowled South Africa out for 286 runs.Vernon Philander, Dale Steyn and Morne Morne bowled probing spells as India crawled to 28/3 at the close of play on the first day, still trailing South Africa by 258 runs.However, Cheteshwar Pujara was batting on 5 and Rohit Sharma, who replaced Ajinkya Rahane in the playing XI, was at the other end at nought.Earlier, Bhuvneshwar Kumar bowled a devastating spell of pace bowling and picked a wicket in each of his first three overs to tear apart the South African batting line-up.Bhuvneshwar finished with 4/87 from his 19 overs to help India bundle South Africa out for 286. Ravichandran Ashwin picked up two wickets while Mohammed Shami, debutant Jasprit Bumrah and all-rounder Hardik Pandya chipped in with one wicket apiece. Bhuvneshwar snagged opener Dean Elgar with just the third ball of the day and then in the next two overs had Aiden Markram and Hashim Amla dismissed cheaply to have the home side reeling at 12 for three inside only the fifth over.But AB de Villiers staged a fight back as he took on Bhuvneshwar, hitting four 4s off him in an over as he relentlessly punished loose deliveries.De Villiers reached his 50 off just 55 deliveries. Du Plessis was more circumspect at the other end, no doubt also reflecting on his decision to bat after winning the toss before the start of play.advertisementIndia’s early impetus was ended by a 114-run partnership for the fourth wicket between De Villiers and Du Plessis, who attacked the Indian bowlers and punished loose deliveries.De Villiers reached his 50 off 55 deliveries before being bowled by Bumrah after lunch for 65 runs.Du Plessis scored 62 before flashing at a wide delivery and handing all-rounder Hardik Pandya his first wicket of the three-match series.His argument that he was going to gamble on batting because the wicket was still soft and would get quicker later in the day as it dried out, looked without substance as Bhuvneshwar made full use of grass-covered track and had South Africa, who pick four seamers themselves, in early trouble.He had Elgar caught behind by Wriddhiman Saha as he moved the ball away from the left-hander and then Markram leg before for five runs in the third over of the day.Amla (3) followed soon thereafter as he flashed at a delivery on off stump and nicked it behind to Saha.The right-arm swing bowler bagged his fourth when he got the outside edge of Quinton de Kock just before tea.Vernon Philander and De Kock continued to push the run rate past four per over before the latter went for 43 off 40 balls and Philander was bowled by Mohammed Shami for 23.De Kock was the aggressor striking the ball at 107.50 in his 60-run partnership with Vernon Philander for the sixth wicket.The 27-year-old also came close to completing his five-wicket haul when he found the outside edge of Keshav Maharaj’s bat only for Shikhar Dhawan to spill a regultion catch it at the third slip.(With inputs from Reuters)last_img read more

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JUDGE RULES IN FAVOR OF U. OF IOWA CHRISTIAN GROUP

first_imgA federal judge says the University of Iowa was wrong to strip a Christian student group of its registered status after the organization barred a gay student from a leadership position.U.S. District Judge Stephanie Rose granted a permanent injunction banning the university from rejecting the status of the group, Business Leaders in Christ.Rose says the university unevenly applies its human rights policy by allowing other groups to limit membership based on religious views, race, sex and other protected characteristics.Business Leaders in Christ said it denied the student’s request because the group requires leaders to affirm a statement of faith rejecting homosexuality.The university says it plans to follow the court’s decision.last_img read more

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