Ray White Commercial Gold Coast recently sold two separate commercial lots under the hammer on the same day for a combined total of $3.45 million on the Gold Coast.

Lots 12 and 13 Premion Place at 39 White Street in Southport – comprising two adjoining strata units in the south-eastern corner of level seven and occupying 372 square metres of building area - sold for $2.25 million.
 
Molendinar’s 17 Kamholtz Court - a vacant free-standing asset strategically placed in the Gold Coast’s premier industrial precinct and covering 1,558 square metres of land with 596 square metres of net lettable area – sold for $1.2 million.

At a glance:

• Two commercial Gold Coast properties sell on the same day for a combined $3.45 million
• The offerings included adjoining strata units occupied by a medical business and a vacant free-standing asset in a premier industrial precinct
• Strong demand at auction pushes up prices

 
The properties were marketed and sold by Ray White Commercial Gold Coast Sales Specialist Michael Willems and Sales Professional Jackson Rameau.

Mr Willems said that the commercial strata offering was occupied by Outlook Eye Specialists Pty Ltd which have a new ten-year lease to 2029 with three by three-year options.

He said the appeal of medical premises was high as they offered strong returns with a secure tenant type.

“After more than 25 enquiries throughout the campaign, we had four registered bidders competing on the day,” Willems said.
 
“This competition pushed the opening bid of $1.2 million all the way up to its final sale price of $2.25 million.

“This property has a perfect corner position on a high traffic road close to existing business and retail precincts.
 
“The site offers excellent connectivity and accessibility to a wide variety of business and lifestyle amenities across the Gold Coast.

“The original inter-unit walls have been removed providing functional and efficient medical end-user accommodation with great views of Surfers Paradise skyline and the Broadwater.”
 
Mr Rameau said 17 Kamholtz Court gave owner-occupiers a great opportunity to purchase a quality industrial building.
 
He said the strong campaign had generated more than 30 enquiries from interested buyers.

“The appeal was high and this translated through to nine registered bidders on the day, meaning the starting bid of $600,000, actually doubled to its sale price of $1.2 million,” Rameau said.
 
“The suburb of Molendinar is a major industrial hub with good connectivity to major arterial roads and infrastructure.

“The building itself has been well-maintained, offers ample car parking and was just perfect for an owner-occupier or for a stress-free investment.
 
“It benefits from direct access to the Southport CBD and the M1 Pacific Motorway and is in close proximity to major infrastructure such as Griffith University, G:link light rail and the University Hospital.”

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