Tweed Coast real estate: Developer Bob Ell drops $25 million on ‘super lot’

BILLIONAIRE Gold Coast developer Bob Ell has added a $25 million “super lot” to his mammoth property portfolio in northern NSW.
CoreLogic records reveal Mr Ell’s Leda Holdings bought the 1.6ha block in the heart of Kingscliff’s Salt Village for $25.85 million in March with the sale settling this week.
He is planning to build houses and units as well as retail and commercial spaces on the block, according to agent LJ Hooker Kingscliff’s Nick Witheriff, who brokered the sale at 4-8 Bells Blvd.

4-8 Bells Blvd, Kingscliff.
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“The buyer, who is a high net worth private investor and developer, will add to its portfolio of land ownership locally taking them to be largest land owner in the Tweed Shire,” Mr Witheriff said.
“The sale reflects a fantastic growth story for Kingscliff with the new hospital two-thirds complete creating 4,500 new jobs and Leda Group’s Kings Forest development now officially underway.”
“While we navigate through some changes to the economic landscape both nationally and globally it is clear to see that the best is still yet to come for Kingscliff and the Tweed Shire.”

Bob Ell has snapped up a $25 million parcel of land in Kingscliff.
Mr Ell is no stranger to northern NSW – he is the largest land owner in the Tweed Shire.
Leda’s Kings Forest development, a housing project west of Casuarina in Tweed was up in the air for about 25 years, but construction of the new Tweed Valley Hospital propelled the project forward.
Kings Forest is a 856.5ha parcel of land on Tweed Coast Rd that’s set to eventually be home to 4,500 homes.
Mr Witheriff said his office had settled more than $170m in sales since January.
He said it was a combination of developers who saw value in the limited land opportunities alongside owner-occupiers buying beachside houses.
4-8 Bells Blvd, Kingscliff.

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