The home at 24a Cutts St, Margate sold for $685,000.A long list of extras attracted buyers to a new two-storey property that sold recently in Margate. The four-bedroom home at 24a Cutts St sold for $685,000. Abode Properties marketing agent Brendan Philp said he had potential buyers coming through the home every two to three days until it sold. “People liked the way it was finished,” he said. “It had a lot of extra features like the butler’s pantry, waterfall stone benchtops, a nice outdoor area and multiple living spaces including a media room.” The Margate home had a covered outdoor entertaining area.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The home also had a custom timber island bench, luxury ensuite and a low-maintenance yard. Mr Philp said the successful buyers were a young family looking to move to the Peninsula.The Woody Point based agent said he was seeing an even mix of investors and owner-occupiers looking to buy into the Margate area. “It’s a good time to sell,” he said. “Buyer activity is strong and there is a lack listings coming on to the market. “There’s not a lot of choice so buyers are paying a premium.” The modern design proved popular with buyers.Mr Philp said Margate was in a prime coastal position 30 minutes from the city, which was attracting interstate investors.“They are seeing the area as very good value for money compared to what they can get in Sydney,” he said. Mr Philp said investors tended to be looking for properties up to $500,000 while owner-occupiers searched across all price points.
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (14) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +1 Vote up Vote down So dumb · 401 weeks ago Ok, hotel, yes. Gas station? NO! RV Park.. NO! Restaurant, perhaps.. Report Reply 0 replies · active 401 weeks ago +1 Vote up Vote down Nonya · 401 weeks ago Bravo!! about time they do something right Report Reply 0 replies · active 401 weeks ago +1 Vote up Vote down Build it · 401 weeks ago If they are paying taxes, employing people lets get is started….Hotel will come Report Reply 0 replies · active 401 weeks ago +6 Vote up Vote down whsfan · 401 weeks ago Good choice by the city to hold off…I agree with John Brand…sounds like a bait and switch…if these investors want this bad enough and believe all the above items are possible then let them pony the $700,000 up front and when the hotel is built we will be happy to give it back to them. Report Reply 0 replies · active 401 weeks ago +4 Vote up Vote down Pain Free · 401 weeks ago As a Wellington tax payer I still don’t see a problem with this. The bottom line is the City needs to put in the services that are needed to develop the area. If the City continues to bog this down in studies and special sessions then developers are going to choose somewhere else to develop and we all lose out. There should be a very large sign on the pike stating, “Build in Wellington we are ready for you” ! Report Reply 2 replies · active 400 weeks ago +2 Vote up Vote down JDM · 401 weeks ago One thing that is making Wellington attractive to others is the fact when the lake fills back up we have plenty of that valuable commodity. I believe it needs to be in fine writing with the developer that the HOTEL has to be built whether first or last. If not they pay 100% of the cost of the sewer line extension. Report Reply 0 replies · active 401 weeks ago 0 Vote up Vote down Mr. Positive · 401 weeks ago Has there been a committment from a restraurant, RV Park or convenience store. Sounds like something switched their idea of developing the area. If there has, just say it. A motel/hotel would be great. They (developers/land owner) kind of have the city in a bind. Probably a sure deal the developers will move to some other location (exit 33) if the city does not build sewer line. Darn if you do and darn if you don’t. I would say throw the dice and see what happens, but of course the way Wellington’s luck has been going lately, who knows. Report Reply 0 replies · active 401 weeks ago 0 Vote up Vote down JDM · 400 weeks ago Exit 33 has not reliable water source. That is the reason you see no development going on around it. Mulvane is on the verge of being sued by Augusta for using too much water as it is. Report Reply 1 reply · active 400 weeks ago -1 Vote up Vote down MulvaneProud · 400 weeks ago Why do my comments never get posted? Report Reply 1 reply · active 400 weeks ago 0 Vote up Vote down notlla · 400 weeks ago How many people in Wellington, really know where the Hotel will be built. Most people think it`s across from McDonailds, Wrong, how about a mile and a half east. Let the hotel people pay for there own sewer. Report Reply 0 replies · active 400 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by Tracy McCue, Sumner Newscow â€” By a 6-0 vote the Wellington City Council passed a resolution extending a sewer line on U.S. 160 from Meridian to the southeast corner of Seneca Road just west of the Kansas Turnpike Authority contingent upon a hotel development occurring at this location.However, the resolution did not pass with great joy, as the council got into it with the two Tulsa, Okla. developers proposing a hotel development over how expansive the resolution needs to be.Â Bob Zilm of Zilm Real Estate in Tulsa along with his partner Bill Richert of Richert Properties in Tulsa, Okla. returned to Wellington one week after initially meeting with the council during a work session over building an extended stay 80-room hotel, such as a Candlewood Suites, on the property currently owned by Tom McAlister (see story here).At that time, the council was under the assumption that a resolution would be placed before them the next week which would pay for a $700,000 sewer extension if the developers would pay $100,000 in special assessment taxes, all contingent of a hotel being constructed on site.But on Tuesday, Zilm asked if the resolution would be expanded to include a convenience store, R.V. Park, travel shop and restaurant.“Three of the four would take less time to develop than the construction of a hotel,” Zilm said. “Keep in mind that a hotel can take 10 to 12 months just in the building permit process. I think if we don’t open it up to other types of business that could hurt us and restrict us.“This would give us flexibility.”The council on the other hand wasn’t buying it. If the city is going to invest $700,000 to expand the sewer, it wants the guarantee of a hotel not one of the other kinds of businesses.“We are making quite a commitment here,” said Terry Nunemaker, Wellington City Council member. “The carrot for us is the construction of a hotel, not a convenience store.”Council member John Brand asked “Why did we not talk about this last week (at the work session)?”“I didn’t think about it,” Zilm responded.Brand said later in the meeting he felt a little “bait and switched” in that the developers were asking for one thing last week, but asking for more right before the council was going to vote on the resolution.“You build a hotel, we build a sewer,” Nunemaker said. “You do not build a hotel, we do not build a sewer.”Council member Larry Shimer said if the developers come back with new information of a convenience store owner in say January, the council could always revisit the issue. Nothing is set in stone.Zilm said in order for the project to work two of the five parts need to be developed such as a hotel and restaurant or convenience store, etc. His worry is a prospective owner for a convenience store wants to build right now, but because of the resolution being restrictive to hotels, they would have to wait.“I don’t want that to happen,” Zilm said. “We want to market the property to anyone interested.” Wellington City Manager Gus Collins said eventually the city council needs to expand the sewer line east to the turnpike anyway for possible east corridor development.Council member Kim Woodrow asked if the developers are now thinking they would not be able to attract a hotel.“We are actively pursuing a hotel and plan on getting one,” Zilm said. “What I’m saying is if a business wants to come in and start building, I don’t want to be in a position in which I have to tell them they can’t until we have a hotel in place.”Council member Chase Weber was not in attendance for the meeting.