Luxury showroom revs up Ferry Road

CONSTRUCTION is to start on Monday on a glamorous Southport motor showroom that will display big-ticket marques Bentley, Maserati and Lamborghini.

The showroom is to be built on an elevated Ferry Rd site that also has a frontage to Brolga Ave and will be occupied by the Autosports group.

Autosports, a Sydneybased business that listed on the ASX in November, is leasing the building from Ferry Road Investments, owned by George Mastrocostas, a Gold Coast developer, and Glen Phillips, a founder of listed printing services company CSG.

The lease on the building, designed by the Surfers Paradise-based Archidiom group in tandem with Ferry Road Investments, is for 15 years, with options to extend the lease for a further 15 years.

Mr Mastrocostas yesterday said that Autosports would use the showroom to display a fourth marque but had yet to decide which one it would be.

He said Autosports would undertake an expensive fitout of the showroom, one befitting the class of the cars to be on show.

“The building is intended to be an architectural masterpiece that makes business sense and adds something to the city.

“It will be a breathtaking one that will look proudly along Ferry Rd and which everyone will talk about.”

The 1730 sqm showroom, which could be completed by March, will sit atop a 2010 sqm basement parking and servicing area.

It is being built on a 2392 sqm site bought for $2.8 million.

Plans for the showroom were revealed last year, with the Brisbane-based Willims Motor Group the intended tenant. Willims was absorbed by Autorports ahead of its ASX listing.

Autosports operates 25 dealerships and two crash-repair businesses on the eastern seaboard.