Some of Ocean Streets most expensive properties. Top right: Tony Riddle. Bottom right Garry Crick and Toni Jena
Some of Ocean Streets most expensive properties. Top right: Tony Riddle. Bottom right Garry Crick and Toni Jena

Who owns Ocean Street’s 8 most expensive properties

Ocean Street has become the Sunshine Coast's night-life hub, boasting live music venues, restaurants and bars and is one of the region's few designated Safe Night Out Precincts.

The Maroochydore strip is owned by a mix of newcomers, and those who have held their properties tight before the price-tag for a slice of the street skyrocketed into the millions.

A dive into property data returns some well-known names, from property developers, investors, lawyers and business people.

Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.
Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.

Among them are a "strip club king" who earlier this year bought NRL star Darren Lockyer's former Caxton St eatery, a Sunshine Coast car dealership giant and the heads of a government-owned investment company.

A trio including a businessman, prominent property developer and a lawyer own a building which they and another Ocean St rich-lister have proposed to redevelop into high-rise commercial, residential and short-term accommodation building.

The iconic Big Top Shopping Centre, originally built in 1973, is arguably the street's most well-known landmark.

While the trademark white sails have at times seen better days, in more recent years it has been revamped and not surprisingly, cemented its place as Ocean Street's most expensive piece of real estate.

We have taken a deep dive into who owns it, and the rest of Ocean Street's most expensive commercial properties.

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1. $77.75 million: The Big Top shopping centre and associated properties

The decades-old shopping centre has undergone a number of transformations over the years, including most recently a $20 million makeover in 2015.

The Big Top was then snapped up by a company run by two heads of the State Government owned Queensland Investment Corporation.

QACPF Big Top Pty Ltd is the listed owner of the Big Top Shopping Centre.

Australian Securities and Investments Commission (ASIC) records show the directors are David Edward Clarke, 47, of Hawthorne, Queensland and Claire Marite Blake, 44, of Bardon, Queensland.

Mr Clarke is QIC's chief compliance and risk officer while Ms Blake is QIC's chief financial officer.

Looking towards the Big Top Shopping Centre at Maroochydore, in 2020, from the site of the old Sunshine Coast Newspapers head office in Horton Pde.
Looking towards the Big Top Shopping Centre at Maroochydore, in 2020, from the site of the old Sunshine Coast Newspapers head office in Horton Pde.

ASIC documents show QACPF Big Top Pty Ltd is held by QIC.

Reed Property Group had previously owned the Big Top, and sold it in June 2015, just months after the multimillion-dollar makeover.

Reed had bought it for $47.5 million in 2007 from Metro Maroochydore Pty Ltd.

The sale to QACPF included the shopping centre, and numbers 6, 8, 10 and 12-20 Ocean St, Maroochydore.

The Big Top is anchored by Woolworths and boasts a number of retailers and eateries and the associated properties include Holey Moley bar, minigolf and bowling alley and Solbar.

Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.
Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.

At the time of the sale, QACPF also bought the corner building at the entrance to Ocean St, off Aerodrome Rd, which was home to a number of businesses including tapas restaurant, Piano Bar. This building was bought for $7.25 million on June 3, 2015.

The address is 1-9/22-24 Ocean St.

Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.
Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.

A recent lease advertisement stated the Big Top annual retail sales were $71.8 million, up 18.6 per cent on the previous year, as at April 2019.

Visitors were about 2.495 million, again up on April 2019 by 14.2 per cent.

QACPF also owns:

  • 19 Duporth Ave, Maroochydore - Bought in December 2015 for $1.765 million
  • 25 Duporth Ave, Maroochydore - Bought in September 2015 for $4.35 million

Lifting the top: Big Top centre officially sold

Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.
Numbers 12-20 Ocean St were bought in a multi-sale worth $77.75 million, which included the Big Top shopping centre. These buildings are home to some of the most popular spots on Ocean St, including Solbar and Holey Moley.

2. $4.05 million: 2/15-17 Ocean St

2/15-17 Ocean St: This commercial, first-level refurbished office space fetched $4.05 million in May 2015, with TWM (QLD) PTY LTD) listed as the buyer.
2/15-17 Ocean St: This commercial, first-level refurbished office space fetched $4.05 million in May 2015, with TWM (QLD) PTY LTD) listed as the buyer.

The commercial, first-level refurbished office space fetched $4.05 million in May 2015, with TWM (QLD) PTY LTD) listed as the buyer.

The co-directors of this company are Sunshine Coast trio Peter John Poli, Glenn Wayne Ferguson and Anthony Laurence Riddle.

Mr Poli, 57, of Mountain Creek, is the general manager of Bridgestone Select, Maroochydore.

Mr Ferguson, 56, of Mountain Creek, is the managing director of Ferguson Cannon Lawyers and Mr Riddle, 60, of Alexandra Headland, is Sancus Property director.

The co-directors of TWM (QLD) PTY LTD) Anthony Laurence Riddle (left), Peter John Poli (top right) and Glenn Wayne Ferguson (bottom right).
The co-directors of TWM (QLD) PTY LTD) Anthony Laurence Riddle (left), Peter John Poli (top right) and Glenn Wayne Ferguson (bottom right).

Sunshine Coast Council is currently considering a joint development application for the property, and another of Ocean St's most expensive - numbers 11-13 Ocean St, owned by Evangelista Pty Ltd.

The material change of use application seeks to redevelop the sites into a 12-storey, 42.5m high mixed use commercial, residential and short-term accommodation building.

The development would include commercial space, sport and recreational use, food and drink outlet plus 44 serviced short-term apartments between levels three and six, and total 66 residential apartments.

3. $2.5 million: 7 Ocean St

The property sold on June 13, 2018, and is currently back on the market.

The owner is Maegaard & Co Pty Ltd, directed solely by Daniel Maaiatanga Maegaard, born in New Zealand but now of Newstead, Queensland.

Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.
Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.

The two-level commercial building has a diverse tenant portfolio of retail food and offices, including Red Crane restaurant.

Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.
Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.

The "for sale" ad touts the property as a "freestanding Maroochydore CBD investment with redevelopment upside".

It is in the principal centre zoning, according to the selling agent, which allows a 40m height limit offering a future high-density redevelopment.

Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.
Maegaard & Co Pty Ltd bought 7 Ocean St on June 13, 2018 for $2.5 million. The property is currently back on the market with the agent highlighting its redevelopment potential.

4. $2.25 million: 21 Ocean St

Jena Invest Pty Ltd and ADTECT No 2 Pty Ltd are the listed co-owners of 21 Ocean St, Maroochydore. The companies are respectively directed by Toni Jena and car dealership giant Garry Crick.
Jena Invest Pty Ltd and ADTECT No 2 Pty Ltd are the listed co-owners of 21 Ocean St, Maroochydore. The companies are respectively directed by Toni Jena and car dealership giant Garry Crick.

Prominent Sunshine Coast car dealership mogul Garry Bruce Crick and Toni Jena bought the commercial space in December 2012 for $2.25 million.

Jena Invest Pty Ltd and ADTECT No 2 Pty Ltd are the listed co-owners of 21 Ocean St, and between them the pair boast an impressive property portfolio of other Sunshine Coast commercial properties.

Toni Jena and Garry Crick at Ebb Restaurant, Maroochydore. Photo: Iain Curry / Sunshine Coast Daily
Toni Jena and Garry Crick at Ebb Restaurant, Maroochydore. Photo: Iain Curry / Sunshine Coast Daily

Other properties in the company names are:

  • Residential property on Maleny-Kenilworth Rd, Witta ($2.25 million)
  • Residential property on Carwoola Crescent, Mooloolaba ($2.4 million)
  • Commercial property at 2-6 Beach Rd, Maroochydore ($2.275 million)
  • Cricks Maroochydore at 9 Trinder Ave, Maroochydore ($2.95 million)
  • 950 Nambour Connection Rd, Nambour ($214,926),

Cricks was founded in 1995 when Garry Crick bought the Nissan and Mitsubishi franchises in Nambour.

Mr Crick acquired further dealerships before he partnered with John Eastham in 2005.

Mr Crick and Mr Eastham are now Autopact managing director and chief executive officer as well as owners of the Autopact 12 Lives Group.

Mr Eastham featured in the Daily's deep dive into who owned Hastings St, Noosa's most expensive commercial properties.

Garry Crick and John Eastham. Photo: Warren Lynam / Sunshine Coast Daily
Garry Crick and John Eastham. Photo: Warren Lynam / Sunshine Coast Daily

5. $2.05 million: 11-13 Ocean St

The property is home to Kebab Haven, Elixiba and Cameron Enterprises Pty Ltd on ground floor.

The commercial space is in the heart of the entertainment precinct, and its owners must have seen its potential decades ago.

Evangelista Pty Ltd snapped it up for $2.05 million in October 1991 and have held onto it since.

$2.05 million: 11-13 Ocean St was bought by Gold Coast-based Evangelista Pty Ltd. It is currently the subject of a development application for a mixed use commercial, residential and short-stay accommodation building.
$2.05 million: 11-13 Ocean St was bought by Gold Coast-based Evangelista Pty Ltd. It is currently the subject of a development application for a mixed use commercial, residential and short-stay accommodation building.

Evangelista is a Gold Coast based company, and is co-directed by John James Evangelista, Gino Luigi Evangelista, Rosemary Catherine Evangelista and Catherine Assunta Macdonald.

11-13 Ocean St had previously been approved for a redevelopment, including short-term accommodation.

A more recent development application was lodged over the property in June last year, and after negotiations, including requests for more information and amended plans, the proposal is currently being considered by Sunshine Coast Council.

The subject properties include 11-13 (owned by Evangelista), 15-17 Ocean St (owned by TWM) and 39-41 Duporth Ave which is a public carpark owned by the Sunshine Coast Council.

6. $1.045 million: 1-5 Ocean St

The property with frontages to Ocean St and Duporth Ave was snapped up 30 years ago by J.RM. & D Balkin Pty Ltd.

It has recently been redeveloped and includes dining, retail, medical and office spaces opposite the Duporth Tavern on Duporth Ave, and Sneaky Baron on Ocean St.

Number 1-5 Ocean St has frontages to Ocean St and Duporth Ave was snapped up 30 years ago by J.RM. & D Balkin Pty Ltd for $1.045 million.
Number 1-5 Ocean St has frontages to Ocean St and Duporth Ave was snapped up 30 years ago by J.RM. & D Balkin Pty Ltd for $1.045 million.

The co-directors of J.R., & D Balkin Pty Ltd are Michael Patrick Balkin, 71, of Duporth Ave, and Paul Anthony Balkin, 62, of Little Mountain.

There is little public information available about the owners, and this is the only property owned in the J. R. M & D Balkin name.

The mixed-use dining, retail, medical and office space was recently redeveloped.

7. $728,000: 5/2-4 Ocean St, Maroochydore

This furnished office in the Ocean Central building is up there with the most expensive properties bought on Ocean St.

It was bought for $728,000 in April 2016.

Noosaville's Joanne Lilian Whittles and Soong Yen Cheong are the listed owners.

The pair also has a portfolio of residential and commercial property on the Sunshine Coast and in the Noosaville area including:

  • Property on Cutters Way, Bli Bli ($290,000)
  • Property at 287 Gympie Terrace, Noosaville ($550,000)
  • Residential property on Neptune Circuit, Noosaville ($171,000)
  • Commercial property on 7/10 Thomas St, Noosaville ($330,000)
  • Commercial property on 7/18 Thomas St, Noosaville (675,000)

8. $720,000: 19 Ocean St

A "strip club king" and law firm director are the co-owners of number 19 Ocean St which was once Coast strip club, Elektric Blue Girls.

The building owners Thorpevale Pty Ltd bought 19 Ocean St for $720,000 in April 2001.

Elektric Blue was opened in 2004 but closed down six years later in 2010 and was revamped.

Number 19 Ocean St is now the popular night-life venue, Old Soul.

Popular nightspot reveals big changes

Heather McMurray at the renamed Elektric Blue Girls strip club in 2004. Photo-Anthony Reginato
Heather McMurray at the renamed Elektric Blue Girls strip club in 2004. Photo-Anthony Reginato

The co-directors of Thorpevale Pty Ltd are Anthony Gerald Shead, 57, of Paddington, Queensland and Robert Mark Hynes, 51, of Ascot, Queensland.

Mr Shead is known as the "strip club king" and earlier this year bought NRL star Darren Lockyer's former eatery Hank's Burgers and Beer at 55 Caxton St. It had been vacant for about two-and-a-half years.

At the time of sale in May, News Corp reported Mr Shead also owned Honey B's adult venue at 2 Caxton St, and had applied for a change of use to his new acquisition.

19 Ocean St, Maroochydore was bought for $720,000 in 2001. It is currently home to Old Soul.
19 Ocean St, Maroochydore was bought for $720,000 in 2001. It is currently home to Old Soul.

He also owned strip club Love and Rockets on Petrie Terrace, Brisbane.

Mr Hynes is the head of Hynes Legal.

ASIC documents state the company's shareholder is Pacific Aspect Pty Ltd, whose address is listed as Hynes Legal in Fortitude Valley.

The Ocean St property is the only one Thorpevale Pty Ltd owns in Queensland.



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