The three-level building is the newest building to hit the Varsity Lakes precinct. 

Sitting on a 3,913 sqm site, the building offers 4,000 sqm of net lettable area, and is prominently positioned within the heart of Varsity Lakes.

With two street frontages, the building offers 130 car parks - 43 of which are on-grade, and 87 of which are in the basement.

The building also has a 6-star NABERS Energy Rating.

Mark Witheriff, Partner and Joint Head of Knight Frank Gold Coast, who is marketing the property along with colleagues James Branch and Sebastian Fahey, says he expects the property to attract significant interest from investors.

“We are expecting interest from local, national and even offshore buyers due to both the fundamentals of the property itself and the market,” Mr Witheriff said.

“The property offers the opportunity to acquire a high quality, low maintenance investment building, with a tenancy profile arguably better than any other across the Gold Coast.

“The asset’s income is underpinned by strong tenants, including multinational service provider Serco Australia, which occupies nearly 48 per cent of the building, the State Government of Queensland and engineering group EMF Griffiths, which makes this is a good investment.”

The Varsity Lakes precinct is the second-best performing commercial precinct on the Gold Coast, with current vacancies sitting at 5.5 per cent, according to Knight Frank research, making this a big drawcard for buyers.

“With limited new supply in the pipeline and the tightening of most of the commercial markets across the city, we are envisaging that in the near foreseeable future we will start to see significant rental growth in most precincts, and particularly Varsity Lakes,” Mr Witheriff told WILLIAMS MEDIA.

“We believe this can be demonstrated when highlighting that the adjoining commercial precinct of Robina currently has rental rates of 15 per cent to 20 per cent above Varsity Lakes, and as the market continues to tighten we envisage further upside for the Varsity precinct.

“In the post-Commonwealth Games environment, the Gold Coast continues to grow, with increases in most key indicators of population, employment and infrastructure spend, which is supported by four key pillars, being the tourism, construction, health and education sectors.”

The fully leased net income for the property sits just shy of $1.575 million per annum.

The EOI campaign closes on Thursday 1 November.

For more information or to register your interest, contact listing agents via the details below.

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