The PC Robina, HQ of Gold Coast Innovation Hub and Helloworld hits market
Sporting a fresh new style and a full-house of tenants, The PC commercial building in Robina, home of business incubator, Gold Coast Innovation Hub, and Australian travel giant, Helloworld, has hit the market, for sale by Robina master developer, Robina Group.
The PC, a premium three-storey commercial office building, with a net lettable area of 2,112sqm is located at 36 Laver Drive in the heart of CBDRobina.
The high-profile building is generating a gross building income of approximately $1 million per annum for its owners.
Last year The Gold Coast Hub, which receives support and funding from Government, inked a five-year lease, with two five-year options, for 1,822sqm of space over three levels, including a fully-equipped event centre seating more than 100 people.
Helloworld also moved into The PC, leasing a 290sqm first floor office on a five-year lease, with a five-year option.
Knight Frank Australia Gold Coast partner and joint head, Mark Witheriff, will handle the sale of The PC in conjunction with Knight Frank Melbourne commercial sales head, Paul Henley, through an offers to purchase campaign, closing 17 April 2019.
Mr Witheriff said he expected strong interest in The PC due to its high-profile status, outstanding tenant profile and recent extensive refurbishment.
“CBDRobina is the premier office precinct in Gold Coast City and this is clearly demonstrated by the recent take-up of more than 5,000sqm of sub-lease space in the nearby Foxtel building, which will see the office vacancy rate in Robina and Varsity Lakes drop to around 8.5 per cent,” he said
“Whilst there has been a tightening of credit markets, the demand for high-quality, well-located investment properties continues, and we believe The PC is a stand-out in this space.
“With 2,112sqm of fully-leased net lettable area, The PC provides premium quality air-conditioned office accommodation with modern foyers and bathrooms on each floor.”
Gold Coast Innovation Hub and Helloworld are known for being at the forefront of technology and innovation, with high-speed internet connectivity and end-of-trip facilities essential to staff and business operations at The PC.
The building also includes 64 car parking spaces, comprised of secure basement and street-level visitor bays.
The PC is located in a central CBDRobina position – 100 metres walk to Arbour Avenue’s cafes and shops, 300 metres to Robina Town Centre and walking distance to Robina’s train station and transport hub.
It is also close to Robina Medical Hub, anchored by Robina Hospital, Robina Private Hospital, Queensland Health’s Robina Health Precinct and the new Primary Medical Centre.
Mr Witheriff said the entire The PC building was approved by City of Gold Coast for medical and commercial office use.
“While neither of the current tenants are health-related, there is the potential for medical uses in future,” he said
“Given the proximity to Robina’s Health and Medical Hub, and the fact land and premises approved for this use will become increasingly scarce in future, this will further add to the appeal of The PC with potential purchasers.”
The Gold Coast Airport is a 15-minute drive and, with direct M1 access, Brisbane CBD is less than an hour’s drive.
Robina Group CEO Hylton Slater said The PC was a further example of the strength of Robina’s office market.
“High-performing commercial buildings with an exceptional tenant profile such as this are tightly-held in CBDRobina and rarely become available for sale,” he said.
“As such, we envisage strong demand for this premium asset, which is located in an amenity rich, high-growth precinct at the heart of Gold Coast City.”
For further information, please contact Knight Frank Australia’s Mark Witheriff on 0439 038 100 or mark.witheriff@au.knightfrank.com, or Paul Henley on 0421 059 720 or paul.henley@au.knightfrank.com
