Yes in fact they did plus payroll tax for their business . It was Purchased quite cheap ie 5 million unfinished and a block to the east was added and the build finished totalling less than 15 million all up . Been for sale for over 3 years. QLD stamp duty to buy at listed price is 2.5 million so nobody would like to give that coin to powerchook . Gold Coast council will also charge you over 600$ a week in rates alone. Due to waterways restrictions you are also unable to build a dock big enough to take advantage of the 100 m frontage.
the original owner went bankrupt and a property developer (Riccardo Rizzi) picked it up for a ridiculous $5.3M (half constructed) with a Projected appraisal of about $33 Million Now it’s sitting at about 46 or $47M as seen in This video
