RECEIVER TO SELL MIAMI ONE OFFICE SUITES

Written on the 29 March 2010

RECEIVER TO SELL MIAMI ONE OFFICE SUITES

FOUR office suites in the Miami One retail, commercial and residential development will be offered for sale by auction next month under the instructions of receivers and managers from Ferrier Hodgson.

The four suites, totaling 279sqm of nett lettable area, range in size from 32sqm to 97sqm.

The Miami One mixed-use development covers a prime 8000sqm site fronting the Gold Coast Highway, bounded by Sunshine Parade and Toombul and Nundah avenues.

Three buildings of up to four levels house 42 apartments atop the established 5500sqm Coles-anchored shopping and cafe precinct and boutique office component.

Greg Moloney and William Colwell of Ferrier Hodgson (Brisbane) were appointed in August 2008 as receivers and managers for Ronbar Enterprises, which is linked to Sandra Pepi, Sharon Schofield and Kyle Wright, whose father is developer Ron Wright.

CB Richard Ellis is marketing the offices as part of Ferrier Hodgson’s on-going program to realise remaining assets of Miami One developer Ronbar Enterprises Pty Ltd.

CB Richard Ellis senior negotiator Daniel Fenech, says the prime position, modern style and quality of the office premises will appeal to small business and professional owner-occupiers and to commercial investors.

“These prime small parcels should particularly attract end users who potentially could expect to pay less per month in loan costs to purchase and own the property than they would to lease an office,” he says.

“They are available for immediate vacant possession and it makes sense for owner-occupiers to consider this sound investment and reduce business overheads.”

Fenech says Miami is one of the Gold Coast’s most recognised beachside precincts, and is now flourishing to follow the upmarket growth of neighbouring suburbs.

Miami One’s shopping centre, comprises 28 tenancies, with key tenants including ANZ bank, Australia Post, Amcal pharmacy, Flight Centre, Contours gym, Miami News, Mosaic Fashion and eight quality food outlets including Sushi Train, Zaraffas coffee house and a variety of international cuisines.


Latest News

NEW CLASS OF EDUCATION NURTURES ENTREPRENEURS OF TOMORROW

THE rise in youth unemployment has affirmed the importance of entrepreneurship education, and south-east Queenslan...

DUET GROUP SUBJECT OF $7.3 BILLION TAKEOVER OFFER

HONG Kong's Cheung Kong Infrastructure has launched a $7.3 billion cash bid for one of Australia's largest en...

G8 SHARES BUOYED BY FORECAST PROFIT RECOVERY

CHILDCARE centre operator G8 Education (ASX:GEM) has revealed it is on track to post a pre-tax profit of up to $16...

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter