Agent creates super-sized block in one of the Gold Coast’s most expensive streets

Ali Mian bought 217 Monaco St (pictured) and 215 Monaco St to create a super-sized block.
A LEADING real estate agent has been revealed as the buyer of a super-sized riverfront block on one of the Gold Coast’s most expensive streets.
Ray White Runaway Bay Group principal Ali Mian splashed $8.35 million on two houses to create a huge 1,848 sqm block on Monaco St, Broadbeach Waters.

The property Ali Mian bought 215 Monaco St, Broadbeach Waters.
Inside 215 Monaco St.
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Mr Mian and his wife Shabana, who have their Sovereign Islands mansion on the market, said they were looking forward to moving their family to Broadbeach Waters.
“I’ve been living on the northern Gold Coast for the past 25 years,” Mr Mian said.
“I’ve done renovations, built houses and developed property there so I’ve done a lot of real estate transactions in the northern Gold Coast.
“So we decided we needed a change and some more space.
“For our family, we wanted to try something different and this land opportunity came up.”

215 Monaco St, Broadbeach Waters.
Mr Mian said it was bittersweet to be leaving the Sovereign Islands but would still be running his businesses on the northern Gold Coast.
“My offices are still there so I’ll still be there daily,” Mr Mian said.
The family plans to demolish the front house on the block to make way for a barbecue area, gardens and another carport.

The double block fronts the street and the river.
The Monaco St deal was done by Kollosche agents Michael Kollosche and Matthew Follent.
Mr Kollosche negotiated the sale of 215 Monaco St on the condition Mr Mian could also buy the adjoining 814 sqm street-facing block at No. 217.
He approached the owner of No. 217, who had not planned to sell but expressed interest in 267 Monaco St, a renovated Hamptons house also being marketed by Mr Kollosche.

Monaco St is one of the most popular streets on the Gold Coast.
Mr Kollosche and his team set about reverse engineering a deal that would satisfy the price expectations of all three parties and enable Mr Mian to create the super-sized 1,848 sqm block.
An offer of $2.75m was presented to the owner of No. 217, who was then able to offer $2.65m for No. 267, which was accepted.
With those two sales locked away, the owner of No. 215 agreed to sell for $5.6m.

267 Monaco St, Broadbeach Waters sold for $2.65 million.

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