Mermaid Beach pad makes almost $400K for vendor

first_img35 Montana Rd, Mermaid Beach.“They basically painted the walls, put a few new lights in and polished the concrete floors,” Mr Sharples said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“We had the property styled as well and I think that made a big difference.”Neither the kitchen or bathrooms were renovated. 35 Montana Rd, Mermaid Beach recently sold for $1.375 million.A MERMAID BEACH vendor has made a $380K profit in three years with only basic cosmetic renovations.Harcourts Coastal agent Andre Sharples first sold 35 Montana Rd in 2014 for $995,000.Last week he sold it under the hammer for $1.375 million. 35 Montana Rd, Mermaid Beach.He said the huge profit also came down to changes in Mermaid Beach over the past three years.“When they bought into Montana, Bam Bam Bakehouse wasn’t there.“It’s a great location — you can walk to the surf club, Pacific Fair is close and the tram station is also nearby.”center_img 35 Montana Rd, Mermaid Beach.The property offers dual living options as well as a terrace, two separate lockup garages and tidy kitchens.Mr Sharples said a Gold Coast investor bought the property with a long-term view to move to the beachside house.The property has already been listed on the rental market at $650 for the upper level (2/35 Montana Rd) and $560 for the ground level (1/35 Montana Rd).last_img read more

City anticipates tough choices in Flutter’s pursuit of Stars

first_img StumbleUpon Canada’s sports betting hearings threatened by Trudeau’s ’emergency recess’  August 24, 2020 Related Articles Tabcorp double burdened by covid and group impairment charges August 19, 2020 Submit Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Share Share City analysts are pondering how Flutter Entertainment will sooth competition concerns across multiple markets, attached to its bold merger pursuit with digital rival The Stars Group Inc.Since the merger was propositioned on 2 October, Flutter CEO Peter Jackson and corporate governance have emphasised confidence in clearing all regulatory hurdles to deliver a £10 billion online gambling powerhouse.The stakes are high for Jackson and co, as the Flutter-Stars combination will lead US wagering partnerships with Fox Sports, Fastball Holdings and Boyd Interactive – all dependent on the deal being completed.Nevertheless, city analysts believe that Flutter governance will face tough decisions if they are to secure regulatory harmony on a Stars merger if US ambitions are to be delivered.This weekend, Canadian investment bank Canaccord Genuity issued an industry note to the Sunday Times detailing that it viewed a sale of flagship brand Paddy Power as the ‘most logical decision’ for Flutter to undertake.A Flutter-Stars combination would create an entity with a 40% share of the UK online gambling marketplace, servicing three of the UK’s top seven most popular online bookmakers in Paddy Power, Betfair and Sky Bet.In its note, Canaccord details that the above conditions will likely lead to UK CMA ‘concerns over consumer choice’ in online betting.A Paddy Power break-up would be viewed as a controversial move, as Peter Jackson had previously underlined ‘returning the bookmaker to growth’ as core remit of the executive taking leadership of the FTSE firm in 2018.Revitalising Paddy Power, Flutter has spent significant money and resources upgrading the bookmaker’s operating systems, all-round product proposition and revamping its loyalty programme wholesale.In addition, Paddy Power’s ambitions have been supported by a number of high coverage UK advertising campaigns, as Peter Jackson moves to re-establish Flutter’s legacy brand as a leading mass-market bookmaker.Elsewhere, analysts anticipate a market probe by either Australian Competition Tribunal (ACT) or the Australian Competition & Consumer Commission (ACCC) examining Flutter-Stars potential impacts on Australian sports betting.In its acquisition note, Flutter governance stated that there should be no regulatory concerns in Australia as the company would be against TAB Holdings as the market leader.Nevertheless, Flutter-Stars would control Australian online betting leader Sportsbet.com.au and BetEasy, a sportsbook brand formed by the Stars Group combining CrownBet and William Hill Australia for AUS $600 million (€480 million), which may see AUS competitors demand an ACT/ACCC watchdog review.At present, Flutter governance maintains its schedule of completing the transaction by Q2-to-Q3 2020, an ambitious target for the merger’s stakeholders.last_img read more