LIMITED availability of new Gold Coast commercial space and rising business confidence have led purchasers in Clarence Property’s Lakehouse Corporate Space at Robina to double up on office tenancies.
Two purchasers have each secured two office suites at Lakehouse Corporate Space, where a 36-tenancy, two-stage, $8 million refurbishments is nearing completion. The tenancies provide up to 396sq m space and each has realised more than $600,000. The sales leave eight of 18 first-stage tenancies for sale in Lakehouse, at 34 Glenferrie Drive, where 18 second-stage tenancies will be released later in the year.
Knight Frank Gold Coast joint managing director Tania Moore says purchasers are thinking ahead and securing multiple tenancies in what has become an increasingly competitive market for premium commercial space. “Quality commercial space in a CBD location with free onsite parking is increasingly rare,” she said. “As a result, the purchasers at Lakehouse are taking a long-term view and securing an additional tenancy to provide for anticipated business growth. “The refurbishment has provided flexible floorplates and purchasers can amalgamate tenancies. “They then have the option to occupy one suite and rent the other until they are ready to expand their businesses. “They don’t miss out on extra space and they can buy at today’s rates.”
Remaining first-stage tenancies at Lakehouse range from 157sq m to 401sq m and are available from $581,000. Clarence Property managing director Peter Fahey says Lakehouse has become home to businesses in the property, medical, marketing and finance industries. “Lakehouse is one of Robina’s original corporate buildings, so it enjoys an excellent location close to Robina Town Centre, the Pacific Hwy, and to shops, parks and restaurants,” he said. “Lakehouse’s makeover has enabled it to compete with newer offerings. “The building features a modern look and feel, together with a great position, an abundance of parking and proximity to amenities that is hard to match.” In addition to refitting each tenancy, the renovation has included delivery of an on-site coffee shop and cafe, a new lakefront boardwalk, extensive landscaping and upgrades to communal amenities.