Developments

Unanimous agreement allows sale of prized site

Some 46 unit owners at the ageing Nobby’s Outlook holiday resort at the Gold Coast’s Nobbys Beach have agreed to sell the properties as one parcel opening the way for developers to acquire the prized 7284m² Marine Parade beachfront site.

The resort, at the base of Nobby Hill, could see unit owners net around $30 million when a sale goes ahead.

Chairperson of the body corporate Bronwyn Bartal said unanimity of owners was possible because Nobbys Outlook required about $4 million spent on repairs. The resort was built in 1966 and as four two-storey buildings fronting a recreation square that includes two pools.

The resort is being sold by an expressions of interest campaign and Jayde Pezet, of KM Sales and Marketing, said the owners, as a group, were prepared to be flexible in negotiations.

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