Billionaire places his excessive $6m journey park up on the market after his goals of constructing an journey park with a 2.3km zip line, a luge course for rushing down a mountain and 14km 4WD observe are ruined
- Sprawling rainforest property nestled within the Tallebudgera Valley hits the market
- The property is owned by Chinese language billionaire and property developer Riyu Li
- Mr Lu as soon as dreamed of including a zip-line, a luge and a 4WD race observe to the positioning
- Council rejected the proposal prompting the developer to desert the challenge
A sprawling rainforest property owned by a Chinese language billionaire has hit the market after his dream to remodel it into an journey park was dashed.
Property developer Riyu Li purchased the 162 hectare property for $3.5 million again in 2016 by one in every of his funding corporations.
The character retreat is nestled deep within the Tallebudgera Valley on the Gold Coast, only a 35-minute drive from Surfers Paradise or Coolangatta airport.
A sprawling rainforest property nestled within the Tallebudgera Valley on Queensland’s Gold Coast has hit the market with an asking value of $6million
The hinterland fanatic dreamed of remodeling the property right into a wellness retreat and excessive journey park to host visiting vacationers.
His plans would have seen the addition of a 2.3km zipline, a luge for rushing down the Tallebudgera mountain, and a 14km 4WD observe.
However the billionaire’s goals for the retreat had been ruined when the Gold Coast Metropolis council denied his proposal and Mr Li was pressured to desert the challenge.
As an alternative he determined to half methods with the expansive land for a decreased asking value of $6 million.
The property was beforehand owned by Chinese language billionaire and property developer Riyu Li, who had goals of changing the positioning right into a excessive journey park
The mountaintop property boasts 360 diploma views of the complete Gold Coast shoreline in addition to glimpses of Moreton Bay Island and the Byron Bay lighthouse.
Principal at Raine & Horne Broadbeach Debbie Frizelle described the property to Every day Mail Australia as a ‘lush, untouched tropical rainforest’.
The itemizing defines the property as ‘162 hectares of pristine rainforest with excellent stands of palms, waterfalls and streams, along with a broad vary of native wildlife’.
‘There’s a 4WD observe to the highest of the mountain and about 14km of gently descending trails all through the rainforest highlighting factors of curiosity and most of the big majestic bushes that are to be discovered on the property,’ it reads.
The luxurious property is full with pure waterfalls and streams and is house to a variety of native wildlife, together with koalas
‘Majestic sheer cliffs rise roughly 250m perpendicularly from the forest on the base of the mountain, providing the chance for abseiling to these skilled within the sport.’
Enhancements to the property embrace a 425sqm equipment shed, 20kW of solar energy, a 650,000 rainwater tank, two timber cottages, and a laboratory constructing.
The house on the property has two bedrooms, two bogs, and a storage with area for six autos.
The itemizing additionally consists of 5 hectares of cleared area on the high of the Tallebudgera Mountain, an excellent touchdown spot for any incoming helicopters.
The mountaintop property has 360 diploma views of the complete Gold Coast shoreline, in addition to glimpses of Moreton Bay Island and the Byron Bay Lighthouse
Earlier this 12 months, Mr Li put his Tallebudgera Valley mansion, Bellagio La Villa, which he has owned since 2014, in the marketplace for an asking value of $50 million.
The sprawling 49 hectare property was in comparison with a grand European property, full with 10 bedrooms, an indoor swimming pool, and two horse stables.
The billionaire is likely one of the largest property builders in China’s Guangdong province and has been working in Australia for over 20 years.
Earlier this 12 months Mr Li put his 49 hectare mansion Bellagio La Villa (pictured) in the marketplace for an asking value of $50million