Auction date set for Robina retail investment property as Gold Coast demand grows

A fully leased Robina freehold building that once served as an Australia Post distribution centre will be taken to auction by Ray White Commercial Gold Coast.

The property at 201 Ron Penhaligon Way comprises four tenancies and represents an excellent opportunity to buy a quality income-producing retail investment, says agent Steven King.

Home Timber & Hardware, dental clinic Myobrace, Robina Village Medical Centre and Independent Milk Supplies occupy the 697sqm net lettable area on a 2736sqm site.

“The property is well positioned in a thriving commercial precinct and within a large residential catchment area about 15 minutes from the Gold Coast airport,” Mr King says.

“All the businesses at the address are long-term proven tenants, with most on long-term lease expiries.

“The site has additional frontage to Commerce Circuit and there is on-site parking for 36 vehicles, plus an ambulance bay.”

Major infrastructure projects and the improved Gold Coast economy have led to an increase in demand for retail assets, Mr King says.

“Prime stock inquiry remains reasonably strong and competitive due to limited supply additions, with most activity typically occurring on securely tenanted income-producing assets such as this,” he says.

The Robina property was built in 1985 and has been refurbished extensively since.

The property will be offered for sale via public auction at 11am (AEST) on December 7, 2017 at the rooms of the Gold Coast Turf Club, Bundall.

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