The Varsity Lakes commercial and industrial sectors have sold two major properties.
An office suite in the popular Central 240 commercial building, located in the heart of the business hub, sold to a private investor for $1 million ($3,937 per sqm) and a 111 sqm factory, situated at 8/81 Casua Drive, sold for $265,000, plus GST, to an owner-occupier.
Colliers International’s Gold Coast industrial executive Chaz Burdett, who sold both premises, said demand for commercial and industrial sites in Varsity Lakes had been unabated.
Tenants in the central business hub include several state government departments and financial investment house Goldman Sachs JB Were.
“The Casua Drive property equates to $2,387 per sqm, which is a strong price for the area,” he added.
Burdett said suite nine was the final premise to be sold in Central 240, located on Varsity Parade adjacent to Market Square and constructed by Delfin Lend Lease.
The suite, the second largest tenancy in Central 240 at 254 sqm, came with seven basement car parks and is leased to Core Economics on a five year lease, with a five year option. It was sold with a return of 8.1%. The deal was handled by Burdett and Caralyn Wiles, also of Colliers International.
Only two factories remain for sale in the complex, which is zoned Industrial 2 – a 143 sqm factory on the market for $350,000, plus GST, and a 141 sqm factory selling for $340,000, plus GST. Burdett is the marketing agent for both premises.
Burdett and Wiles are also seeking expressions of interest for office suites in the Aspect building, which is located in the popular Varsity Lakes precinct. Aspect will comprise 4,000 sqm of office space.
Varsity Lakes is a multi-award winning masterplanned community, which Delfin Lend Lease began developing in late 1999.
Australian Property Journal
