Office Furniture Business Takes Over Former European Car Sales Premises on Gold Coast

Strategic Insights -

A prominent European car sales showcase on the Gold Coast has found new life as the home of an office furniture business. Office Furniture Trade Centre, connected to local businessman Kevin Chaffey, has taken a 10-year lease with a 10-year option on the majority of the 4421sq m site at 35 Nind St. The site features two showrooms, each with approximately 600sq m of floor space, and an office/warehouse with 784sq m. This location was previously occupied by specialist European car dealer Euromarque, which focused on Fiat, Alfa Romeo, Maserati, and Citroen. The property had also been home to European Automobiles, owned by the Scholz Motor Group, before it was placed in receivership in 2006. Office Furniture Trade Centre will be joined by cafe group Choice M, which has secured a 5-year lease with a 5-year option, and Prestige European Autos, linked to Kevin Tully, will occupy 600sq m of space. The property is owned by Read Medical, associated with Michael and Donna Read.

Key Takeaways:

  • Office Furniture Trade Centre has taken a 10-year lease with a 10-year option on a 4421sq m site at 35 Nind St, Southport.
  • The site consists of two 600sq m showrooms and an 784sq m office/warehouse.
  • The location was previously occupied by Euromarque, a specialist European car dealer, and European Automobiles before being placed in receivership in 2006.
  • Office Furniture Trade Centre has relocated from a warehouse in Pinter Dr, Southport, and will also continue to operate from its showroom in Nerang St, Southport.
  • Choice M has taken a 5-year lease with a 5-year option as part of the property redevelopment.
  • Prestige European Autos will occupy 600sq m of space as part of the new development.
  • The property is owned by Read Medical, associated with Michael and Donna Read.
  • The leases reflect the growing confidence within the Gold Coast business community and the high demand for quality tenancies within the Southport precinct.

Statistics:

  • 4421sq m: the area of the site taken over by Office Furniture Trade Centre.
  • 10 years: the length of the initial lease with a 10-year option held by Office Furniture Trade Centre.
  • 10 years: the length of the option period for the lease held by Office Furniture Trade Centre.
  • 2: the number of 600sq m showrooms on the site.
  • 784sq m: the area of the office/warehouse on the site.
  • 5 years: the length of the lease held by Choice M.
  • 5 years: the length of the option period for the lease held by Choice M.
  • 600sq m: the area of space occupied by Prestige European Autos.

Sources:

  • The Queensland Times
  • Colliers International