Gold Coast property owner offers up rare property along Surfers Paradise esplanade

first_imgPeter Batley with his daughter Sabrina Batley, 6. Picture: Jerad Williams“I decided a few weeks ago to sell so I could purchase a normal house for my daughter Sabrina, with a yard and pool.“I want to buy a house with a backyard so she’ll have somewhere to play.” The home is the only one left along The Esplanade stretch now dominated by towers.The three-level property was built in 1965 and Mr Batley said his move to sell — prompted by his six-year-old daughter wanting a house with a backyard — offered a “very rare” opportunity.“There’ll never be another chance for a single person to buy a house on The Esplanade.”He had considered putting a 22-storey luxury tower on the site with one apartment a floor and capped by a three-level penthouse, spending $96,000 on detailed preliminary drawings.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North5 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThe result of a renovation of four-unit apartment block ‘Driftwood’.“I started these drawing for a Development Approval because I wanted to borrow against this property to buy commercial. The problem I had was, I was asset rich but not income rich, continuing the DA was expensive for me,” Mr Batley said. Ready for the auction? Picture: Jerad WilliamsTHE last occupied beachfront home along the Surfers Paradise Esplanade — dwarfed by neighbouring towers — is up for auction.Former Canberra-based commercial property owner Peter Batley is selling 32 The Esplanade, nestled in between the The Sands and Grosvenor towers, a short walk from the 77-level Soul skyscraper and Cavill Mall. The outside view of ‘Driftwood’.Amir Mian, principal of Prestige Property Agents, yesterday said Driftwood sat on a 433sq m site that could be used for luxury apartments or for a boutique hotel.“He undertook an extensive renovation four years or so ago and connected all the apartments.“What you have today is a property where owners could live in the whole house or solely on the top floor, using the ground floor for visiting family members or guests. Peter Batley has put the sole remaining Esplanade beach house on the market. Picture: Jerad WilliamsThe auction later this month comes four years after he bought the four-unit Driftwood apartments block and spent $400,000 on a transformative renovation. He turned it into a seven-bedroom, six-bathroom home. It comes with nine carpark bays, five with enclosed garaging. Peter Batley who turned the property into a seven-bedroom home.Mr Batley bought the first of the four Driftwood units in 2013 from 105-year-old Elva Wootton, who had owned it for more than 40 years.Mr Batley quickly went on to buy out the other three owners.The only other freestanding house on the street has already been emptied to make way for Banyan Tree’s proposed hotel development. The rare property is up for auction on July 29.“They would have the comfort of knowing that down the track a developer might knock on the door and make them a tempting offer.”The last sale of a development site on The Esplanade was the February purchase by high-rise king Harry Triguboff of the International Beach Resort property at No. 86 for $58 million, or just over $15,000 a square metre.A sale at a similar rate would make the Batley site worth around $6.5 million.Driftwood will be auctioned on-site on July 29.last_img

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