Commercial leasing: The Leather Doctor takes space on the Gold Coast
The estimated gross annual rent that national leather and vinyl products restoration company The Leather Doctor will pay to lease a warehouse/office complex in the industrial precinct of Molendinar on the Gold Coast. The company has leased 9/6-8 Enterprise Street, Molendinar, as its headquarters in a deal negotiated by Steve Macgregor of Ray White Industrial Gold Coast. The property has over 500 square metres of warehouse area and 80 square metres of office space.
The estimated net annual rent that international supply chain/logistics solutions supplier Tomax Logisitics will pay to lease warehouse space at Noble Park in Melbourne’s south-east. The 215 Browns Rd facility comprises a 3,600-square-metre warehouse space on a 10,000-square-metre site with drive-around facility and dual access points. The deal was brokered by Savills Notting Hill office director Lynton Williams. The lessor is a Melbourne-based private investor.
The annual rents per square metre being achieved at 574 St Kilda Road, which is now 100% leased after BIC Australia chose the Juilliard Group’s building for its new Australian office headquarters. BIC Australia has leased the whole of Level 4 at 574 St Kilda Road in a deal that includes building signage rights. The company will occupy 916 square metres of office space previously home to global IT company Unisys on a 10-year lease commencing on October 15. Ben McKendry, Colliers International associate director of office leasing, negotiated the deal.
The annual rent plus GST that Epic Recruitment will pay to lease a 272-square-metre commercial unit on the Gold Coast for three years with a three-year option. Rent will increase by 4% each year as part of deal negotiated by James Crawford of Colliers International. The leasing deal was struck before a sales contract for the property at 2/12 Millaroo – also negotiated by Crawford – had a chance to settle. The buyer paid $455,000 plus GST for the commercial unit. It was part of a portfolio of 15 properties Crawford sold for a total of more than $8 million at Helensvale and Oxenford on the Gold Coast on behalf of vendor Victorian-based investor Torlu.
The net annual rental industry sources estimate global hearing solutions company Bernafon Australia Pty Ltd will pay to lease a warehouse/office complex at Nundah on Brisbane’s northside. The 6,745-square-metre site at Lot 4/629 Nudgee Road, Nundah, was secured in a deal negotiated by Ray White Industrial Milton principal Paul Anderson. Bernafon Australia (a subsidiary of Swiss-based Bernafon) currently employs more than 100 staff and has been manufacturing and distributing in excess of 1 million hearing devices in Brisbane for the hearing-impaired community in Australia over the last 20 years. Bernafon has taken out an eight-year lease with five renewal options of five years.
The net rental (per square metre) range that two recruitment firms will pay to lease office space at 17-21 Miles Street in Mulgrave in Melbourne's outer south-east. Drake Recruitment will occupy 240 square metres of office space at 17-21 Miles Street in Mulgrave on a five-year lease negotiated by Leah Baxter, Colliers International executive for office leasing. Another recruitment firm Mango Recruitment will move into 50 square metres on a three-year lease at the same address, also negotiated by Baxter.