Once home to renowned Australian artist Ken Done’s showroom and retail store, 34 Orchid Avenue, Surfers Paradise, has hit the market.
While the 864sqm building was once home to Ken Done’s store during the 90s and early 2000s, the building is now used as a retail and office precinct comprising 10 tenancies.
Ray White Commercial Gold Coast agents Scott Wells and Brad Merkur have been appointed to market the property on behalf of Ken Done.
“The property represents a fantastic opportunity to purchase a quality asset in a highly sought after location in the heart of the Surfers Paradise entertainment precinct,” Mr Wells said.
“Situated on Orchid Avenue in central Surfers Paradise, the property is a short walk to the beach, shops, supermarkets, restaurants, cafés and bars.
“The property is well served by public transport with both bus and light rail stations located within 500m of the site.”
Now in his early 80s, Ken Done’s business is mostly based in Sydney, and his son Oscar Done said it was time to sell the Orchid Avenue building.
“It was an important part of our family’s retail business for a long time,” Mr Done said.
“There’s certainly some history there, but we’re not often on the Gold Coast so I’d rather see someone purchase it who has the energy and means to do something great with it.
“Ken is still busy painting and has just finished some great work with the Vivid festival here in Sydney.
“He has a gallery show on the Gold Coast coming up in November.”
Mr Wells said the market was strong for freehold office and retail investments within Surfers Paradise.
“These assets are tightly held and do not come to market often within this precinct,” he said.
“Surfers Paradise is a premier international tourist and entertainment destination, renowned for its major youth events, vibrant nightlife, shopping and dining as well as its world class beaches and surf culture.”
The property is going to auction on 20 October at 11am at the Gold Coast turf club.