Gold Coast Tenancies Secured

INDUSTRIAL PROPERTIES ON THE MOVE

Two tenancies in the popular Gold Coast commercial and industrial precinct of Molendinar have been secured for almost $340,000 per annum in separate deals negotiated by Steve Macgregor of Ray White Commercial Gold Coast.

Family-owned, international removal and storage company Ashtons Removals, established more than 60 years ago by Bob Ashton, has moved to a freehold, warehouse complex at 23 Jade Drive, Molendinar.

Mr Macgregor said Ashtons had formerly been based at Coomera but the company sought larger premises for what will be their head office and only depot on the Gold Coast.

“This is one of the best freehold properties within the business precinct of Molendinar and is an opportunity for Ashtons to relocate their headquarters with a minimum of fuss,” he said.

Mr Macgregor has also found new premises in the Molendinar precinct for stone fabrication company Tuscany Stone, which had been a tenant in the complex at 23 Jade Drive.

He said Tuscany Stone was moving to a freestanding factory at 11 Geary Crescent, Molendinar.

“Tuscany stone were looking to downsize their operation and at this point of time, no longer required the area they were occupying. The deal hinged on Ashtons signing the lease to occupy 23 Jade Drive,” he said. 

Mr Macgregor said the property located at 23 Jade Drive, Molendinar was constructed on approximately 3838 sqm of land, while the 2153 sqm building included 239 sqm of reception and office space which has been fitted out with marble tiles and features walls.

“There is more than ample car parking provided with 36 spaces allocated on site as well as direct access for trucks back into the factory warehouse,” he said. “The property is gated and fully secure.”

Ashtons has taken out a 3 x 3 year lease at a gross rental industry sources estimate to be approximately $260,000 per annum, while Tuscany Stone secured a 3 x 3 year lease for approximately $78,000 per annum.