Sorry kids, Grandpa’s giving away the penthouse to fight coronavirus

first_imgThe two storey penthouse at Level 10/1001/51 Fifth Ave, Maroochydore, Sunshine Coast.Sorry kids, grandpa is spending the inheritance, giving away a penthouse he bought for $2.75m a dozen years ago to help fight coronavirus.MORE: State’s ‘Kardashian Palace’ stripped for saleCoronavirus: Six ways to make social isolation betterHome workers dream of a better life in ByronIn fact, 82-year-old semi-retired builder Keith Drake is a great-grandfather — and originally a Kiwi whose business successes include Drake Homes and Pryde Timbers.Mr Drake said his family – which includes four children, five grandchildren and two great-grandchildren – was comfortable enough.Keith and Glenda Drake in their Maroochydore penthouse, which they’re auctioning off to raise funds for the Royal Brisbane and Women’s Hospital coronavirus Action Fund.“I have always done a certain amount of giving when I have seen people in need. My own family are all well set up, though not in an extravagant way and I felt the RBWH Foundation needed the funding in this instance.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:22Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:22 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPenthouse sale funds COVID-19 research01:23Mr Drake has had the penthouse out on rent, after moving to an acreage property five years ago with wife Glenda and their 57-year-old son who needs around-the-clock care as a result of quadriplegia cerebral palsy.“The penthouse brings in a bit of rent, but we don’t need to have it. I know what is more important. I have enough and the family has enough, so I said to Glenda, ‘let’s do it’ and she said yes.”Several tradies put in work for free to ensure the penthouse was top notch before auction.He bought the two storey-luxury penthouse – listed as Level 10/1001/51 Fifth Ave, Maroochydore on the Sunshine Coast for $2.75m in 2006. Given the rise of the property market in the past 12 years, expectations are high that it will fetch a significant sum at auction for the coronavirus research work.The proceeds from the auction will go to the Royal Brisbane and Women’s Hospital (RBWH) Foundation coronavirus Action Fund, which hopes to expand trials on two drugs to treat COVID-19.Maroochydore, Sunshine Coast, QLD.Real estate agents James Henley and Mark Lawler of Richardson & Wrench Coolum are running the auction campaign for Mr Drake, and both have offered to take no commission on it so that every cent goes into finding treatment for COVID-19.Inspired by the decision to donate proceeds, several local tradies had also helped add value to the penthouse, preparing it for auction.The property has three living rooms.More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days ago“I reckon that if Shane Warne’s baggy green can generate more than a million for bushfire relief there will be people willing to put their hand up to support efforts to find treatments for COVID-19,” said Mr Lawler in a statement.“Time is not on our side and we will be going out with a short, sharp marketing campaign, with an open negotiation auction that will allow bids to be made and viewed in real time ahead of the closing date of May 16.”The sky home has been rented out for the past few years.The beachside penthouse covers 670sq m across two whole floors, and is a four bedroom, three bathroom home, with a roof deck, private heated swimming pool, covered and open entertaining areas, three living rooms, a walk-in pantry with its own airconditioning, temperature-controlled wine cellar, media room, storeroom and secure parking for four cars. Miele appliances and marble benchtops were in the kitchen, while the master suite was set up in its own wing.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58Mr Drake was inspired to act after seeing Professor David Paterson, Consultant Infectious Diseases Physician at the Royal Brisbane and Women’s Hospital and Director at The University of Queensland Centre for Clinical Research in the news.“I thought they are going to need a bit of money to make this work,” Mr Drake said.The 82-year-old has not stopped working, and is currently looking at a new building consultancy service www.drakehomeconsultants.com.au.FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

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