7 Short Street, Southport

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7 Short Street is uniquely situated in the heart of the Southport CBD

7 Short Street is one of the more recent additions to the PACE Property management portfolio, purchased in December 2013 by a Private Investor based in Victoria, for whom PACE now manage 4 commercial properties located in Brisbane and the Gold Coast. This 5 level office building (2,700 sq m floor area) with café to ground floor underwent a significant $1.3 million refurbishment in 2011 by the previous owners. Subsequently the building was leased to a number of high profile tenants including Place Design Group, Crosbie Warren Sinclair Accountants, the Office of Fair Trading (Qld State Government) and the Department of Housing and Public Works (Qld State Government).

At the time of purchase the building is 25% vacant and PACE Property are working directly with the client to affect a refurbishment and leasing program for the space. 7 Short Street boasts a high quality location in the heart of the Southport CBD, within walking distance to the newly developed light rail system. Further, the Qld State Government has nominated the Southport CBD as a State Government priority development area and the Gold Coast City Council has committed to Southport remaining the city’s primary business hub.