Gold Coast agents Knight Frank have put the Robina Professional Centre, also known as The PC, on the market. Robina Professional Centre has been developed and expanded over multiple years. It was originally purpose built for Coral Homes, with the three-storey section completed in July 2006 at a cost of $6.5m.
The single-storey section was constructed in 2017 as part of a $2m extension and refurbishment undertaken by multi-award winning Woollam Constructions and designed by Dryhurst & Stuart Architects. The refurbishment increased the net lettable area to 2,138sqm with a total of 64 car parking spaces. The building is currently 100% occupied by Gold Coast Innovation Hub and Helloworld on 5 year lease with further options. It returns $863,830 per annum (net).
The vendor is RPA Properties Pty Ltd. It is ultimately owned through various companies by UK-based Richard Wyatt and Queensland-based Janet Tippett.
The property previously traded at $6.875 million in 2006 and at $4.925 million in 2016.
Robina Professional Centre is for sale by offers to purchase closing April 17, 2019.