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

Wyjście…William Hill withdraws all services from Poland

first_img SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 FTSE-listed William Hill has become the latest industry operator to fully withdraw its services from the newly regulated Polish online betting market.This week the bookmaker confirmed its market withdrawal to customers and media partners stating that it would shut down its Polish betting services on 1 April. The bookmaker has asked its marketing partners to stop all campaigns and will now move to clear Polish customer funds.Having refused to amend its 12% online gambling turnover tax,  which was passed by the legislative chamber in December 2016 and for incorporation into law this April, Poland has seen an exodus of betting firm’s leaving its jurisdiction. International betting operators’ have argued that the tax on services is unworkable for industry operations.International betting operators’ have argued that the tax on online services is unworkable for industry operations and that the Polish government is purposely creating favourable conditions for state-owned operator Totalizator Sportowy. This week, Polish-founded online betting enterprise EnergyBets detailed that the company had withdrawn from its home market, stating that Poland had become a “highly restrictive and hostile regulatory environment”.Further bookmakers to have exited the Polish market, include Pinnacle and Eastern European gambling group  Olympic Entertainment Group.William Hill management did not personally comment on the firm’s decision to leave the Polish market. Mateusz Juroszek – Non-stop STS will expand amid industry disruptions August 12, 2020 Polish wagering report highlights STS market dominance  August 17, 2020 Related Articles Share Submit Share StumbleUponlast_img read more

Nicholls’ Badosa-Soler Captures February Men’s Golfer Honors

first_imgFRISCO, Texas – Nicholls’ Albert Badosa-Soler is the February Southland Men’s Golfer of the Month, the league announced Wednesday. Southland monthly awards are presented by UniversalCoin.com. Honorable Mention: Garret Glanton, Abilene Christian; Carlos Trevino, Houston Baptist; Joris Etlin, Southeastern Louisiana; Lewis George, Central Arkansas. Southland weekly award winners are nominated and voted upon by each school’s sports information director. Voting for one’s own athlete is not permitted. To earn honorable mention, a student-athlete must appear on 25 percent of ballots. Badosa-Soler led a Colonels’ squad that competed in three tournaments this past month, including a third-place team finish at the Atchafalaya Intercollegiate in Patterson, La., on Feb. 20. Nicholls next competes at the Southern Intercollege on March 12 in Athens, Ga. Golfer of the Month: Albert Badosa-Soler, Nicholls – Sr. – Girona, SpainBadosa-Soler closed out February with two top-five finishes, highlighted by tying for second at the No. 20 Florida State Seminole Intercollegiate. Helped by carding a round of 68 to begin the tournament, Badosa finished with a five-under tournament score, which was three strokes behind the No. 41 individual golfer in the country, FSU’s John Pak. With his 211, he finished ahead of two other top-100 ranked golfers and tied another. In the 55-man field at the Atchafalaya Intercollegiate, Badosa tied for third.last_img read more