Southport Central closes in 100th sale

JULY 2010

The $700 million Southport Central mixed-use development is on the cusp of realising 100 sales.

Karen Seeto of Ray White Commercial M1 North, says a campaign on behalf of receivers and managers Korda Mentha, has resulted in contracts on 93 strata lots in the final Southport Central Tower 3 release.

“A lot of the interest has come from professionals such as engineers, accountants, dentists and lawyers who are looking to be located in a blue chip building in the heart of the Southport CBD,” says Seeto.

“These types of businesses have taken up tenancies in the building or have purchased units.”

Seeto, the Real Estate Institute of Australia (REIA) and Real Estate Institute of Queensland (REIQ) salesperson of the year, says the Southport Central complex provides an opportunity for high quality businesses to be centred in one area.

The largest tenant to make Southport Central Tower 3 home is the Gold Coast Rapid Transit Authority. It has leased an entire 1500sqm floor space on level five of the 27-storey Tower 3 building.

“The decision by Gold Coast Rapid Transit to locate their team at Southport Central Tower 3 underlines the strength of the location in the Gold Coast CBD and the quality of the building,” she says.

Tower 3 offers 11 commercial floors with office spaces ranging from 63sqm to 1100sqm whole floors available.

“Southport Central Tower 3 offers a one-off opportunity to own or lease a modern premium grade office in the heart of the Gold Coast’s banking and financial centre,” says Seeto.

“The building offers flexible floor plan options, four lifts dedicated to servicing the 11 commercial floors, smart wiring for the latest technology, ducted air-conditioning, suspended ceilings and more than 200 designated car parks including two hour free visitors parking.”

Seeto expects the supply of office space in new buildings to be reduced due to tighter lending criteria which has curtailed new commercial development.

“Another attraction for Southport Central will be the introduction of the Gold Coast Rapid Transit system which will bring a light rail line to Southport’s doorstep, making transport in and out of the CBD far more accessible,” she says.

Seeto has produced key sales results for multinational companies including Orchard Funds Management, Stockland, Challenger Financial Services, Harvey Norman and Brown and Hurley.

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