New owner sought for centre
THE well established Metro Market at Biggera Waters on the Gold Coast is looking for a new owner.
The freehold 6935sq m neighbourhood shopping centre is being sold by JLL’s Retail Investments team.
It is in one of Australia’s highest growth corridors on the Gold Coast, and is anchored by Drakes Food Market (IGA), and supported by 29 specialties, three office tenancies and four kiosks/ATMs.
The prominent 1.09ha island site, 5.5km from the Southport CBD, is bounded by Hollywell Rd and Burrows, Fiona and Parr streets.
The retail accommodation is designed over a single level, and is serviced by over 400 car parks. The property last changed hands in 2015 when it was bought by fund manager Intrasia Oxley for $23.05 million. JLL’s Sam Hatcher said the centre is in a major growth corridor. CANBERRA-BASED Willemsen Group is cutting ties with a whole city block in Coolangatta CBD.
The group, headed by Anthony Willemsen, assembled a 2746sq m three-title parcel bounded by Dixon, Gerrard and Chalk streets for $2.9 million starting in 2003.
In 2009, the group laid plans for a 26-level mixed-use tower at Coolangatta, to be called ARC.
The crescent-shaped tower was to have 177 one and twobedroom short-stay apartments above three levels with retail outlets, restaurants, medical services and office space.
However, the project was put on hold due to the impact of the global financial crisis.
The Coolangatta site allows for one bedroom per 33sq m of the site area and a maximum building height of 24m.
Lachlan Harris and Mason Kidman, of Avanti Commercial, are marketing the property.
Mr Harris said the site had a prime location in the Coolangatta CBD.
“The southern Gold Coast is proving popular with developers due to strong demand driven by more and more people moving to the region,” he said.
“This site could be suitable for aged-care, commercial or residential development. The triple-street frontage enables a number of options for any developer.”
Willemsen Group made its first foray into Gold Coast development in 2001 when it began construction of the Sentinel on Main River tower at Budds Beach. The group went on to develop the Axis tower at Main Beach, and the Merion Residences at The Glades golf course.
THIS SITE COULD BE SUITABLE FOR AGED-CARE, COMMERCIAL OR RESIDENTIAL DEVELOPMENT LACHLAN HARRIS