Leased office suites and cafe in Gold Coast's Robina up for sale

Leased office suites and cafe in Gold Coast's Robina up for sale
Leased office suites and cafe in Gold Coast's Robina up for sale

An entire top floor of offices and a ground floor cafe in a commercial building in CBD Robina, the Gold Coast, have been put on the market by developer the Robina Group.

The top floor space totals 1,510 sqm, including 1,203 sqm leased to the state government until December 2017,  and 245 sqm recently leased to an education provider on a three-year lease, with further options.

The 63 sqm street level cafe, including a seating area, is operated by Liquid Espresso on a five-year lease, with a five-year option in place.

The Eastside commercial building has signage rights, car park and basement storage space.

Knight Frank's Tania Moore and Mark Witheriff are marketing the property through an offers to purchase campaign, closing on May 19. 

The combined net income from the property is $689,468 per annum.

"The top floor space has been held by The Robina Group as a premium income generating offering, however with the current increased confidence in the commercial market the developer has decided the timing is right to release this final opportunity," said Moore. 

"Eastside’s 32 suites are fully occupied and the building has always performed well due to its proximity to Robina Town Centre and access to the M1 Motorway and public transport."

Eastside is located opposite The Rocket, which sold in 2015 for $70 million - the highest commercial sale price in Gold Coast City since 2007.

CBDRobina boasts an office vacancy rate of 5.6%, substantially lower than Gold Coast City as a whole and all Australian Capital City CBD markets, said the media release.

Tags: 
Gold Coast Office Sales

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