Jawdropping waterfront estate goes from Frying Pan to $2m fire-sale

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoBut construction was abandoned eight years ago. Picture: Lachie MilllardOver 160 people had inspected the property, with 30 making offers on it and five contracts offered ranging from $1.4m to $2m, according to real estate agent Peter Grainger of Rock Real Estate, who marketed the property for a year before it sold for $1.94m.“It was a very tough sell because it was incomplete and also it was left for eight years, (so) it looked like ruins although it’s very strong construction,” he told The Courier-Mail.The $4m paid in 2009 was in an inflated market, he said, “at least $1.5m over what it should have been”.“It’s what we call an out-of-line sale, which is when a property sells for an extraordinary amount of money over and above the market. During that time a lot of those properties were at least 30, 40, 50 per cent over the market price.”Mr Grainger said the new buyers had paid a “good price however there are risk factors involved in buying a property like that”. The structure seems surprisingly strong considering it’s been open to the elements. Picture: Lachie Milllard The block looks back towards the Noosa Parade area across the water. Passersby in a file shot inside the shell of the incomplete mansion. Picture: Lachie Milllard The large plot has its own beach. You just have to visualise the possibilities. Picture: Lachie Milllard“Buyers don’t want to take it on with unknown risk and unknown risk will only be found when they (re) start construction. They still will need another million to finish it off – in cash as banks don’t generally like lending on half-finished houses.”He said if the property had resold six months after building activity had stopped “it would have been a different story.”“The difference is when it’s finished it could be worth anything, it’s 1.61ha in a totally unique, beautiful position.”Mr Grainger said it was a “very complicated sale”.“No wonder it took them 12 months to finalise. I thought for sure would be $3m but ultimately the market does decide what the price should be and it was well and truly tested with 160 views over that time.” FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO YOUR INBOX undefined Lot 2 Frying Pan Track Noosa North Shore Qld 4565A BEACHFRONT owner has gone from Noosa’s Frying Pan to a fire-sale, after selling off her prized 1.61ha estate at a bargain $2m discount.The Singapore-based seller had paid a boomtime price of $4m for the jawdropping Noosa North Shore estate in mid-2009, according to CoreLogic records, but was unable to then complete construction of the 1100sq m mansion proposed for the site. BRISBANE SUBURBS RESIDENTS DON’T WANT TO LEAVE LIVE LIKE CLIVE PALMER’S NEPHEW, CLIVE MENSINK THIS IS WHAT $12M CAN BUY last_img read more

Toxicology Report Discovers “Five Drugs” In Tiger Woods System After DUI Arrest

first_imgA toxicology report has revealed that former world number one, Tiger Woods had five different drugs in his system when he was arrested for driving under the influence (DUI).The 41-year-old American, who on Wednesday pleaded guilty to reckless driving, had Vicodin, Dilaudid, Xanax, Ambien and THC (tetrahydrocannabinol) in his system after the arrest last May.The 14-time major winner has now agreed to enter into a 12-month probation program which will wipe off his records after completion.In the early hours of May 29, Police officers found Tiger Woods asleep in his car and was arrested for DUI, an arrest that prompted the Golf star to seek professional medical help.Woods told reporters on Monday: “As I previously said, I received professional help to manage my medications,”“Recently, I had been trying on my own to treat my back pain and a sleep disorder, including insomnia, but I realize now it was a mistake to do this without medical assistance.”“I am continuing to work with my doctors, and they feel I’ve made significant progress. I remain grateful for the amazing support that I continue to receive and for the family and friends that are assisting me.”Relatedlast_img read more

Norton to players: Don’t lose your head

first_imgU17 World Cup U-17 World Cup: India’s Luis Norton’s advice to players – Don’t lose your head Rahul Bali Last updated 2 years ago 17:35 10/5/17 FacebookTwitterRedditcopy Comments(0) Luis Norton de Matos India U17 Anselm Noronha/Goal U17 World Cup India U17 The former Benfica ‘B’ coach wants his players to enjoy every moment when they take to the field against USA… Luis Norton de Matos is confident that every Indian player would give 100 percent for the team in the Under-17 World Cup. India shall face USA in their Group A opener on Friday evening.“I try to coach on the mental aspect as well. They must enjoy this moment, every inch. They must enjoy every tackle, the people cheering. This entire ambience they must feel. My advice is to come in the game and enjoy. It’s important to not lose Concentration, don’t lose your head even if there are issues. Just continue with our process of organization.“I’m sure they will give their 100 percent. In the end, we must be proud. There is a will to win or draw, the will to make Indians proud. I’m very happy and the players are confident. It’s important that the players take what they have learnt in training to the game. Each game is a new story. We must try to be competitive. If we keep our discipline, we can make a game.” Article continues below Editors’ Picks Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. Norton was also questioned if being an underdog helps India ahead of the Under-17 World Cup opener.“There is a lot of information available. We played in Mexico against them, Chile and Colombia. They have information about us. I prefer to play a lot of international games.“When you start the process in USA or Portugal, a seven-year-old has lot of competitions to play in. They come in with 10 years of competition. We do not have this experience. Perhaps that is their strongest point. This is the biggest problem we have as we are not very experienced.”last_img read more