The appetite for quality retail investment assets on the Gold Coast continues to surge, with the recent off-market sale of Hollywood Plaza at 34–38 Siganto Drive, Helensvale, selling for $6.4 million—well above the vendor’s price expectations.

Marketed and sold by Michael Parisi and David Task of Raine & Horne Commercial Gold Coast, the multi-tenanted freehold neighbourhood centre spans a 3,485 sqm site and boasts a net lettable area of 1,128 sqm. The property includes 45 on-grade car parks and is positioned prominently beside Exit 60 on the M1, just minutes from Dreamworld.

Anchored by strong tenants, including Sushi Train and a popular local gym, Hollywood Plaza comprises 10 diverse tenancies secured on leases with solid terms. The asset generates a net income of approximately $389,000 (excluding land tax), representing a 6% yield.

Mr Parisi described the level of demand for Gold Coast commercial and retail property as “ridiculous at the moment,” driven by a significant population shift to the region.

“There’s fierce competition from investors coming into the market and extremely limited stock available. Whether it’s residential or commercial property, anything that comes up for sale gets snapped up fast.”

Looking ahead, Mr Parisi expects further upward pressure on commercial property values as interest rate cuts begin to flow through the market.

“We’re just at the start of the rate-cut cycle, and that’s only going to supercharge already hot conditions, especially for retailers and retail assets,” he said.

For expert insights into the Gold Coast commercial property market or to arrange a free, no-obligation property appraisal, contact Raine & Horne Commercial Gold Coast on 07 5592 6333.