GC deputy mayor finds buyer for investment property in electorate

first_imgGold Coast Deputy Mayor Donna Gates. (AAP Image/Dan Peled)GOLD Coast deputy mayor Donna Gates has found a buyer for the Pimpama investment property she held in her electorate.CoreLogic records show the property sold on April 13 with settlement five days later.A sale price was not made public by her agent Matt Gates – who’s also her son.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago40 Pimpama-Jacobs Well Road Pimpama, QLD. Source: Realestate.com.auMs Gates had bought the property in October 2009 for $395,000.The home has four bedrooms, two bathrooms and four car space, on a large 818sq m block.Mr Gates had marketed it as having strong development potential and described his mother as “committed seller will meet market”.Among the possibilities for the site was turning it into a unit or townhouse complex, with potential for 16 homes “at a maximum height of four to five storeys over the property”. 40 Pimpama-Jacobs Well Road Pimpama, QLD. Source: Realestate.com.auCouncillor Gates represents the suburbs of Alberton, Cedar Creek, Upper Coomera, Gilberton, Jacobs Well, Kingsholme, Luscombe, Norwell, Ormeau, Ormeau Hills, Pimpama, Southern Moreton Bay Islands, Stapylton, Steiglitz, Willow Vale, Wongawallan, Woongoolba and Yatala.She was elected unopposed as Division 1 Councillor for the Gold Coast in 2016.last_img

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