128 Bundall Road, Bundall

 

After an unsuccessful leasing campaign run by one of the major international real estate companies that yielded no results, Pace Property was asked to take charge of leasing the building.

Overview

This 6 level office building was purchased by an existing client in early 2012. Comprising 2,901 square metres of office space, at the time of purchase the building was 95% vacant with only one existing tenant on a month to month lease.

Pace Property was initially engaged to plan and oversee an extensive refurbishment of the building. This involved modernising the foyers and bathrooms, extensive gutting of existing tenancies to open up the building’s fantastic views towards Surfer’s Paradise, new carpets, paint and kitchens to each tenancy and was completed mid 2012.

Commencing August 2012, after an unsuccessful leasing campaign run by one of the major international Real Estate companies that yielded no results, Pace Property was asked to take charge of leasing the building.

As of May 2013 the building has been 100% leased through the offering of a quality product, realistic price points and a direct marketing approach to businesses in the Bundall area.

This result has been achieved during a particularly tough period for the office market on the Gold Coast which saw the Bundall area experience a 19 year high in its vacancy rate of 32.1% in mid 2012. A different approach was called for and Pace Property was able to deliver!

Some of the notable tenants  secured at 128 Bundall Road include:

Patersons Securities
Caldwell Solicitors
Walker Corporation
Nautilus Law Group
Coast Commercial Real Estate & Valuers
Commercial Credit Control
Wahlstrom Financial
IT Elements