Apartment proceeds to go to charity as buyers bid for good cause

Sick children and Australia’s wildlife will benefit from the sale of a Gold Coast apartment, with all proceeds from the deceased estate to be split among nominated charities.

The property on Breaker Street, Main Beach goes under the hammer on May 24, with the sale price minus legal fees and commission to be donated to not-for-profit groups Children’s Hospital Foundation and Foundation for National Parks & Wildlife, as per the late owner’s wishes.

Tina Nenadic and Julianne Petersen of Gold Coast Property Sales & Rentals – Gold Coast listed the home, with proceedings on the day hosted by Apollo Auctions.

“The late owner always loved and enjoyed kids, that’s why she is leaving the funds to the Children’s Hospital Foundation,” Ms Nenadic said.

“She was very passionate about that.

“She was also passionate about wildlife parks and animals.”

Ms Nenadic said the two-bedroom apartment, in The Inlet tower, offered a huge 190sq m floorplan with stunning views.

“It’s actually quite a large apartment in a building that’s 90 per cent owner-occupied,” Ms Nenadic said.

“A lot of people buy into the building for retirement and are attracted to the location in Main Beach.”

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The residence has open-plan living and dining areas that open up to the outdoor balcony.

“The late owner renovated the kitchen and everything else is in very good condition,” she said.

“There’s not much to do but move in and enjoy.”

Ms Nenadic said she had received plenty of interest over the marketing campaign.

“We have had people who already live in the building, people who are about to retire and people who also want a second place on the Gold Coast,” she said.

“I’ve been mentioning the (charity) auction and all of the potential buyers have said ‘how sweet is that’.”

The median apartment price in Main Beach is $1,4m, down 1.6 per cent over 12 months.

Property records reveal the late owner paid $380,000 for the Breaker St apartment in 1992.

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