Two Gold Coast in-one-line commercial units sell for $1.275M

NINE registered bidders fought it out as two high-quality Varsity Lakes commercial units in-one-line sold under the hammer for $1.275M at 10 and 11/15 John Duncan Court.

Lot 10 came with 295sq m* GFA + 33sq m* approved office mezzanine with great clearance throughout, two industrial height roller doors, two undercover car parks, exclusive amenities, kitchenette/lunch room and great truck access.

Lot 11 came with 320sq m* GFA + 222sq m* approved office mezzanine with a high-quality office fit-out, multiple large executive offices and meeting rooms, air-conditioning throughout, two industrial height roller doors and two undercover car parks

The property was marketed and sold by Ray White Commercial Gold Coast award-winning duo Jared Johnson and Lachlan Marshall.

Mr Johnson said it was a strong campaign with multiple enquiries that came from a number of interested parties, including investors and owner-occupiers.

“There was a real buzz throughout, and with 43 enquiries during the campaign, you could tell the potential buyers really appreciated the opportunity on offer,” he said.

“Competition was fierce between the nine registered bidders, and after a starting bid of $800,000, the price went all the way up to the winning bid of $1.275M.”

Mr Marshall said the location of the properties alone was a real drawcard to buyers, being just 2km* from the M1 Pacific Motorway.

“It’s also just 5km* from famous Burleigh Heads beach and takes advantage of surrounding major operators such as Bunnings Warehouse, Trade Tools, Treetops Shopping Centre and Varsity Lakes station,” he said.

“The asset was purchased by a local buyer and they’ll be using the properties for storage space and an office.”

*Approximately.