Electric car giant enters Queensland with lease deal
EXCLUSIVE
Chinese electric car maker Zeekr, which launched in Australia mid-October, has leased another showroom – this time in Brisbane’s south east Slacks Creek.
The newly refurbished single level building at 3405 Pacific Highway is setting the group back starting annual rent of $362,700.
Quartz Commercial agents Grant Brix and Doyle Bisset were offering it in three equal parts – as it was configured prior to the revamp.
Zeekr is expected to open next quarter.
Slacks Creek is about 24 kilometres south east of the CBD and 55km to Surfers Paradise.
The make has four other Australian dealerships – some tied with Volvo yards (both makes are controlled by Geely) – at Parramatta in Sydney, Doncaster in Melbourne, and in Canberra and Perth (story continues below).
Property value boost
Covering 1370 sqm, the Slacks Creek site contains nine car parks.
“Having originally sold the asset earlier this year, we consulted with the new owners to work through a refurbishment program to attract a higher calibre tenant that would value the exposure to the Pacific Highway and increase the achievable rent,” Mr Brix said.
“By primarily undertaking cosmetic works – and completing to a quality standard – the new owners have now received a bank valuation at c$6 million from an original price of $3.295m within nine months”.
The deal comes a week since we reported Mecca leased a building, also formerly three tenancies, in Melbourne’s Albert Park for a flagship suburban store. Emmetts Real Estate’s Charles Emmett was that agent.
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