By Kelsey Wilkie For Daily Mail Australia
Published: 14:32 BST, 9 April 2019 | Updated: 22:40 BST, 9 April 2019
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A real estate nightmare has been bubbling away in the Gold Coast after the multi-billionaire Sultan of Brunei let a prime plot of land sit vacant for decades.
Nestled among extravagant high-rise buildings, meters from the beach in Surfers Paradise, is the 7558sqm chunk of land property developers would be desperate to get their hands on.
But the owner, believed to be the Sultan of Brunei, Hassanal Bolkiah, seems to have forgotten about it, news.com.au reported.
Nestled among extravagant high-rise buildings, meters from the beach in Surfers Paradise, is the 7558sqm chunk of land property developers would be desperate to get their hands on
The land was bought for just $15million and has since ballooned to about $30million
The land, which sits between the Esplanade and Surfers Paradise Boulevard, was purchased in 1997 by Dermajaya Properties (Southern Pacific) Sdn Bhd, part of the the Brunei Investment Agency (BIA).
It was
