A premium office and medical space in Varsity Lakes has been listed for sale, offering flexibility for owner-occupiers and investors in a market where A-grade commercial opportunities are increasingly scarce.

Located along Bermuda Street, Suite 1201/1 Lake Orr Drive, Varsity Lakes benefits from strong exposure, convenient access, and prominent signage rights.

The property includes a full-floor space spanning 1,366m² – the layout is partially fitted as a medical centre, while the remaining space offers a blank canvas for office or healthcare use – and additional 66m² of ground-floor retail space.

A generous parking allocation includes 50 dedicated spaces and access to 10 visitor bays, providing flexibility and convenience for staff and clients.

Kollosche Commercial agent Adam Grbcic said the Gold Coast’s commercial office market is experiencing record-low vacancy rates, making opportunities like this increasingly rare.

“The A-grade office vacancy rate on the Gold Coast is at an all-time low of just 2 per cent, and there are very few large floor plate opportunities available,” he said. “Further to that, there are no major commercial developments currently under construction in key precincts, which means supply remains extremely limited. This property represents a significant opportunity for businesses looking to secure space in a market where demand far outweighs availability.”

Adam also noted that one of the biggest challenges for businesses considering vacant office spaces is the cost of fit-outs, a factor that this property helps mitigate.

“Fit-out costs can be a major barrier for businesses looking to purchase vacant office space, but this property already has significant infrastructure in place. That dramatically reduces the upfront investment required to customise the space,” he said.

The property is being offered for sale under an expression of interest campaign. It is available either as vacant possession or with a long-term lease in place for the occupied 689m², giving an owner-occupier the option to either occupy the full 1,432m² or lease out the remaining space while generating immediate rental income.

“With limited A-grade space available and no significant new supply on the horizon, this is a rare chance to secure a commercial footprint in one of the Gold Coast’s most accessible business hubs,” Adam said.

Find out more: 1201/1 Lake Orr Drive, Varsity Lakes