Andrews Projects unveils new HQ
31 May 2022
Tuesday, 24 June 2022: Gold Coast developer, Andrews Projects, has unveiled its new Broadbeach headquarters located at 15 Albert Avenue after acquiring the 607sqm site for $6.07m in late 2021.
The developer has undertaken a refurbishment of the two-storey commercial building to house its headquarters and upcoming project display downstairs. The upstairs tenancy, comprising of 305sqm, affords the rare opportunity to lease a full or half floor of luxury commercial space in the heart of the Broadbeach precinct.
The opportunity to secure commercial leasing space in Broadbeach is rare, the suburb has only 6.5% of total office space on the Gold Coast. Director of Herron Todd White, Ryan Kohler comments, “the surge in leasing transactions in 2021 and early 2022 has resulted in a vacancy rate of 10.1%, a record 11 year low.” for the Gold Coast office market.
Broadbeach in particular has seen an extremely tight supply of office space, making this opportunity to secure a high quality, large format floor area in a prime location quite limited to what’s currently available on the market, continues Kohler.
The site is located within the ‘Centre’ zone which the developer hopes will attract tenants looking for high-end office or medical uses.
Andrews Projects Sales Manager, Sarah Andrews, says: “We are thrilled to have invested in the purchase of 15 Albert Avenue. This further cements our commitment to making Andrews Projects a leading Gold Coast developer.”
Andrews continues, “With so much redevelopment in Broadbeach, the second-floor tenancy is a unique, one-off opportunity to secure boutique office space in one of the most sought after streets in the area.”
For leasing enquiries contact Sarah on 0421 771 430.