Savills News

Investment opportunity occupied by global company

A rare opportunity has become available to acquire a fully-tenanted strata commercial office located in Kawana Business Village.

A rare opportunity has become available to acquire a fully-tenanted strata commercial office located in Kawana Business Village, currently leased to a globally listed company.

Jason O’Meara of Savills has been appointed to market for sale Lot 6 in building B of the well-known ‘Regatta Lake’ development, located at 4-6 Innovation Parkway in Birtinya.

The full floor property features approximately 525sq m of internal net lettable space, and is currently occupied by GHD on a three year lease to 2021 with further options of two three-year lease extensions.

The property provides a current income of approximately $178,500 plus outgoings and GST, and comes with 17 exclusive use car parks.

The Regatta Lake development is strategically positioned only 1km from the new $2.6 billion Sunshine Coast University Public Hospital and the $350 million Ramsay Private Hospital.

Director of Savills Sunshine Coast, Jason O’Meara, said these catalyst health developments in the immediate area have generated significant job creation, as well as ripple economic benefits for surrounding commercial businesses, particularly in the well-located Kawana Business Village.

“The economic benefits and spin-off from the new hospitals and surrounding health precinct have created strategic opportunities for investors and companies who will see benefits in owning property, or being located close to such an important and exciting growth region of the Sunshine Coast.

“The wide range of health, education, training, research, and development services in the immediate area will require the delivery and demand for professional office space for allied businesses,” Mr O’Meara said.

Other tenants in the quality Regatta Lake office development include RBS Morgans, Contour Engineering, Holcim, SMEC, Ausenco.

“Attractive commercial investment properties with tenants of the calibre of GHD in the rapidly evolving and master-planned Kawana Business Village are extremely rare, and this property boasts a highly prominent position,

“Properties on Innovation Parkway have been tightly held for some time and given the positioning, quality, and strong tenancy profile of this property, we expect it to be very highly sought after by investors,” Mr O’Meara said.

The Regatta Lake development was built circa 2005 and features three office buildings, all of three levels. The striking property is located in the heart of the Kawana Business Village.

Mr O’Meara said B building at Regatta Lake is prominently located and easily accessible from both the Nicklin Way and Kawana Way.

“The Business Village is the primary hub of Kawana’s commercial activity and this is a tremendous opportunity with the new hospitals and other development occurring in the immediate area,” Mr O’Meara said.

The property is being offered for sale at $2.25 million with offers to purchase closing 4pm Thursday 25 July 2019.

Learn more about Savills Sales & Investment services.

Recommended articles