MILLION dollar views enjoyed by residents at Australand’s luxurious Freshwater Place complex in Southgate have officially become a privilege and not a right, after furniture magnate and property developer Tony Schiavello picking up a prominent riverfront property next door, once home to notorious nightclub QBH.

Mr Schiavello is speculated to be paying about $10 million for the 717 square metre block which abuts other property acquired by the developer over the years.

The Queensbridge Hotel at 1 Queensbridge Street, was first speculated to have been on the market in February, when a dispute to sell the property to fashion designer Christopher Chronis came to light.

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