A private investor has secured Space 1 at Robina Group’s $14 million CityPod development at CBDRobina, leaving just two offices remaining in the first two stages of the project.
The Bundaberg-based buyer snapped up the 208sqm stand alone office through his self managed super fund for an undisclosed price, in a deal negotiated by Ray White Surfers Paradise commercial sales specialist Adam Young.
Situated on Scottsdale Drive in the expanding M1 Business Precinct, the stand alone offices have continued to attract attention since their completion at the start of the year, prompting Robina Group to release stages three and four off-the-plan in July.
CityPods range from 163sqm to 304sqm, with eight in the completed stages one and two and a further seven being constructed by Bennett Constructions in stages three and four, with completion expected at the end of the year.
Companies including national medical device distribution specialist Pyramed and design and construction management company Airport Consulting Group are already operating from the precinct.
Mr Young said the quality of the location, design and innovative approach to the CityPods development had appealed to the investor.
“The buyer has bought a number of commercial properties in the last couple of months and this sale is really a hallmark of where buyers are at in the current market,” he said.
“There is an increased appetite for quality commercial investments.
“Robina continues to grow in popularity with commercial land in the M1 Business Precinct all but sold out and major companies continuing to move into the area, such as the recent opening of the new Masters super hardware store.
“Both buyers and tenants see the potential and the fact this precinct is only going to continue to grow in the years to come.”
Mr Young said Ray White Surfers Paradise was also handling the leasing campaign for Space 1, CityPods, through office leasing consultant Renee Hughes, and had already fielded a number of enquiries.
“We have received strong interest from a fitness related business and an education facility,” he said.
“CityPods offer a really funky, fun and well designed commercial property and that is why they have been so popular.
“There is nothing else like them on the market. They fill the gap for those businesses who don’t necessarily want to be based out of an office tower.
“This precinct gives them close proximity to significant residential pockets and the M1, along with ample on site carparking.”
Robina Group general manager Hylton Slater said CityPods had been carefully designed to offer a turn-key solution for small to medium sized businesses.
“We identified a niche in the market for this style of stand-alone office, which simply wasn’t being serviced anywhere in Gold Coast City,” he said.
“CityPods provides a unique opportunity for businesses to have their own ‘headquarters’ style property, while being surrounded by a cluster of like-minded businesses.
“Offering strong branding opportunities visible to a major arterial road and a professional business identity for maximum customer appeal as well as room to grow.
“Its position on the busy Scottsdale Drive in urban-regional CBDRobina also puts CityPods within 20 minutes of Gold Coast International Airport and within 60 minutes of Brisbane City.”
Mr Slater said CityPods had an open plan layout, allowing companies to customise the interior to suit their individual business.
“We’ve included a range of quality features, such as high ceilings, polished concrete floors, a concrete and timber reception desk, feature timber staircase and kitchenette, while keeping the floorplans flexible so they can be easily tailored,” he said.
For further information, contact Marcus Weld at Robina Marketing Australia on 0414 726 207 or mweld@robina.com.au
