No other property on the market compares to 22-24 Wagawn St, Tugun, according to Ray White Mermaid Beach sales agent Troy Dowker.
The 1950s beach house on an 810sq m double block was purchased by Gerrit van Dijk and his wife Fiona Landreth in 2014.
With plans to transform the property into a comfortable family home, the couple replaced the kitchen, polished the floorboards, redid the ceiling, updated the bathroom, replaced old water pipes and electric wiring, and closed in the storage cavity under the house.
“Work commitments have kept us away and overseas for most of the time we have owned it,” Mr van Dijk said. “Whenever we returned from overseas, we realised how fantastic the beaches and hinterland of the Gold Coast really were. Northern New South Wales and Byron Bay at 45 minutes away, is just a leisurely drive.”
Wagawn Street is widely regarded as the premier beachside address in Tugun, just metres from the ocean, beachfront parkland, Tugun Village, Currumbin Wildlife Sanctuary and the weekly Village Markets. Mr Dowker said the large block offered scope to capitalise with an array of redevelopment options to explore, subject to council approval.
“Beachside Tugun is tightly held and has had little sales activity in the second quarter and first two months of the third quarter,” Mr Dowker said. “Buyers are now discovering the special part of this coast and are attracted to Tugun for its laid-back vibe and charm.”
Mr van Dijk and Ms Landreth had planned to develop their property but a new career opportunity in Los Angeles means the home is now going to auction on Saturday, October 27 at 10am.
“The elevated position of the block itself is really lovely, catching sea breezes and ocean glimpses, yet you’re not copping the full force of the wind like you would if you were beachfront,” Mr van Dijk said.
“Our house is comfy, relaxed and without pretence, like a beach holiday home from yesteryear. Important though is the 810sq m double block which gives a lot of potential plus the 15m height limit to create something beautiful, profitable or both at a future date.”
Comparable sales include the transaction of the neighbouring house, which sold in February of this year for $2.055 million.
Read the original article here as published on raywhite.com