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Last chance to secure Southport Central commercial suites

The release comprises 11 floors of premium office space in the third and final tower and two adjacent, freestanding buildings located on the western corner of Southport Central.

National and local industry professionals, businesses and governmental departments are already operating out of Southport Central's first two towers, with tower one's commercial suites sold out and tower two's commercial suites 90 percent sold.

Tower three comprises a total of 14,442sqm of A-grade office space from level 1 to level 11, with office suites ranging from 63sqm to entire floors up to 1471sqm.  The strata titled offices are priced from $375,000 plus GST.

The commercial component of the 39 storey tower three is due for completion next month, with two adjacent, freestanding buildings to follow in December.

The two adjacent buildings, which comprise a total of 3,665sqm, will be dedicated to industry specific uses such as medical, educational or legal, with offices priced from $295,000 plus GST for a 51sqm suite.  However there has been strong interest in these buildings being sold in one line.

Raptis Group sales and marketing director Peter Malady said sales and enquiries for commercial space in tower three had been strong, following the outstanding success of suites in tower one and two.

According to the latest research by the Property Council of Australia, the vacancy rate of commercial space in Southport is lower than the rest of the city sitting at 5.9 percent compared to 6.3 percent.

"Most offices on the Gold Coast are located in older buildings as only a few new commercial developments, or those with commercial components like Southport Central, have been completed in the last few years," Mr Malady said.

"Southport has always been the region's traditional central business district and is currently undergoing a makeover with over $4.2 billion worth of development rejuvenating the area.

"The area is fast becoming a cosmopolitan city centre offering residents and businesses innovative mixed use developments alongside a diverse range of existing facilities encompassing medical, government, commerce and education."

Mr Malady said commercial space in Southport Central offered flexible floor plan options, smart wiring for the latest technology, ducted air-conditioning, carpeted floors and suspended ceilings.

Speaking this morning at the official market launch of tower three's commercial space, highly respected business commentator for businessspectator.com.au and founder of BRW magazine, Robert Gottliebsen said that the world had recently averted a very serious capital crisis arising from the sub-prime debacle in the United States.

"There will be a US and European slow down but China and India will continue to grow at a fast pace, which will maintain the strong demand for commodities that underpin Australia's prosperity", he said. 

"However, this prosperity has created inflation and therefore we will have an extended period of high interest rates as the market is corrected. Queensland, with Australia's largest infrastructure spend and a rapidly rising population, will have greater prosperity than most  other parts of the nation.

"In particular, the outlook for the Gold Coast's economy is positive and that should have a flow on effect to local business and, consequentially, the demand for commercial property space and related investments in the region."

Mr Gottliebsen has spent more than 30 years writing and commentating about business and investment in Australia and is recipient of two of journalism's highest honours; the Walkley award and Australian Journalist of the Year award.

On completion, Southport Central will also comprise 788 residential apartments and 66 retail tenancies across the trio or towers.

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