Scorpio Screens & Blinds buys new premises in Arundel on the Gold Coast for $3.74M

A company supplying and installing security screens has purchased additional premises in Arundel for $3.74 million as it seeks to increase its production capacity.

Scorpio Screens & Blinds will move into premises at 13-17 Demand Avenue, Arundel.

SCORPIO Screens & Blinds has purchased additional premises in Arundel for $3.74 million as it seeks to increase its production capacity.

The business has bought 13-17 Demand Ave from AEL Holdings Australia Pty Ltd, associated with Arthur Lowe.

Scorpio Screens & Blinds was started in 1980 by Cameron and Glenis Wood. It supplies, manufactures and installs stainless-steel and aluminium security screens, security doors, fly screens and cast aluminium panels.

Manager Dyson Wood, who has worked at the business his parents founded since 1998, said Scorpio plans to operate from the new premises as well as its existing building at 28 Technology Drive.

Scorpio Screens & Blinds founder Cameron Wood, manager Dyson Wood and Josh Wright, of Cushman & Wakefield, outside of 13-17 Demand Ave, Arundel.

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“Our existing facility in Arundel has served us well since we developed it in 2013,” he said.

“An increase in demand over the past eighteen months has pushed us to increase our capacity.

“The new property at Demand Ave will enable us to operate from two buildings within reasonable proximity to each other. It also has the bonus of giving us additional land if we ever have the need it for container storage.”

Mr Wood said they plan to refurbish the building at 13-17 Demand Ave, which was constructed in 1990. It contains a 2880sq m besser block and metal clad building, including 800sq m of office space, on a 5975sq m block.

Cushman & Wakefield’s Josh Wright, who brokered the dal for the property, said the property benefits from its medium impact industry zoning.

“This heavier use zoning has become harder to secure on the Gold Coast. When Gold Coast City Council released the new town plan in February, 2016, they changed most of the industrial estates within the central Gold Coast area to low impact industry,” Mr Wright said. “However they left areas of Arundel as medium impact industry, which has driven demand in the suburb.”

Mr Wright said the owner had chosen to lease the warehouse for short terms after its last long-term tenant, Promo Prompt, left in 2012.

He said this had prevented the property being presented at its best.

Mr Wright said recent sales, including the former Colgate facility at $500sq m, justified the $3.74 million sale price.