EMERALD TOWER OFFERS MIXED USE
THE office building at Emerald Lakes is on the market after a lease deal was signed for the top floor of the five-level tower.
The 3027 Town Centre Drive building is being put to the market by Pointcorp, which bought the assets of the Emerald Lakes developer Nifsan Developments in August, 2017. The properties included two development sites in Nerang as well as the office tower, which has ground-floor retail spanning two lots and including a section across from the tower.
There is 4325sq m of offices across four levels of the tower and 1005sq m of ground-floor retail space.
Office tenants include Cardno, MWM Advisory, Landmark White, Tribeca Homes and Uniting Church while retail tenants include a pharmacy, hairdresser, Indian restaurant and real estate agency.
The Pointcorp properties are being marketed by CBRE’s Jonathan O’Brien, Kyle Youngson and Steve Clark in an expressions-of-interest campaign that closes on May 2.
Mr Youngson said the properties had attracted high-calibre tenants.
“This central location has been a drawcard for tenants wanting quick access to both the M1 and the Gold Coast’s major business hubs,” Mr Youngson said.
Mr O’Brien said the top-floor lease was further evidence of a declining office vacancy rate on the Gold Coast.
A financial services company has taken a five-year lease with options for the top floor. The building has an overall vacancy rate of 17.6 per cent and a fully-leased annual income of $1.9 million.