HUB SET TO BE A HEALTHY HIVE OF ACTIVITY IN CBD ROBINA AUCTION FOR SOUTHPORT COMPLEX

MEDICAL service providers are showing healthy interest in a new building set to be built in Robina.

Brisbane-based property investment group Engage Capital has purchased a 2621sq m parcel at 18 Campus Cres from Robina Group.

The deal is due to settle next month.

Engage plans to build a three-level office and medical facility at the site — called The Hub — with 3037sq m of floor space and 106 on-site carparks.

A development application is expected to be lodged shortly with Engage aiming to complete construction by between late next year and early 2020.

Colliers International’s Steve O’Connell, who is marketing the property with colleagues Kelly Buxton and Elliott Woodbry, said there has been strong interest from medical providers to purchase strata units in the facility.

“They are leasing in Robina now and would rather own,” he said.

Units are also available for lease as well as sale. The Hub will comprise five ground-floor units suitable for office or medical purposes, plus a second and third floor with five tenancies designed to be broken into larger or smaller spaces depending on requirements. A VACANT industrial complex in Southport is set to go under the hammer.

The 23 Olympic Circuit property formerly housed software firm Newbook, led by Brad Illich.

The strata complex was acquired via entities associated with the Illich family between 2007 to 2016 for a combined $1.974 million.

The four concrete tilt panel units are positioned on a 1844sq m block and range in size from 124sq m to 257sq m.

Cushman and Wakefield’s Josh Wright, who is marketing the property with colleague Ed Howard, said the sale was a result of Newbook relocating to a large office in Bundall.

“The property has an almost unlimited capacity for fast and reliable internet,” he said.

An auction will be held on-site on July 12 at 11am.