Suspended firm’s HQ up for sale

THE ongoing viability of a suspended Gold Coast building company looks increasingly grim, with its Helensvale headquarters abandoned and on the market for a quick sale.

The Queensland Building and Construction Commission suspended the licence of QNV Constructions last month for failing to pay subbies and suppliers at least $174,000 it owed them. The company had also failed to comply with a financial audit.

The two-storey headquarters of QNV are listed online for “Immediate liquidation! Quality investment or owneroccupiers dream”.

Photos for the listing show the lavish 761sq m building stripped of all signs of occupancy, with empty shelves and bare walls throughout.

The Bulletin understands QNV left the building over Christmas after failing to meet rental payments.

The building’s owner is Nick Karos, who founded document destruction juggernaut Shred-X.

The property, at 42 Siganto Dr, is being marketed by Ray White Commercial Gold Coast agents Jared Johnson and Lachlan Marshall.

Mr Johnson said the property, which has a land area of 1497sq m and has a net lettable area of 761sq m, was likely to receive national interest.

“The property is strategically positioned directly parallel with the M1 Pacific Motorway, which means this site is exposed to over 100,000 cars every single day,” he said.

“It also takes advantage of surrounding major operators such as McDonald’s, Caltex fuel station, Zarraffa’s Coffee, Movie World, Top Golf and Wet ‘n’ Wild theme parks.”

QNV, listed at No. 47 in a list of Australia’s top 100 builders by the Housing Industry of Australia last year, lists a number of projects on its website.

The QBCC first suspended the builder’s licence in December, a move which was appealed by the company in the Queensland Civil and Administrative Tribunal but ultimately upheld.

Remaining furniture and fitout comes with the property.

The property is set to be auctioned at the Gold Coast Turf Club next Thursday, unless it’s sold sooner.