PROPERTY OF THE WEEK – UNIQUE AGED CARE SITE (UP TO 140 BEDS) - MAROOCHYDORE

Russell Allison and Chris O’Driscoll of Knight Frank are marketing one of the most ideal greenfield aged care development sites, thanks to one of the best population mixes in Queensland, with an emphasis on the 85+ cohort [see graph above]. It is a key component in the local government’s own “Sunshine Cove” master plan development. The one hectare site can accommodate up to approximately 140 beds over two levels and is part of a larger 6 ha site already designated for a retirement community. The vendor is the prestige Living Choice Retirement Village Group who plan to build out the surrounding 5 ha's with its next village - which will ultimately feed into the care facility. Additionally Sunshine Coast University Hospital, a new tertiary teaching hospital, is due to open 7 km away in three years time, with 450 beds bit growing to 700. The whole site is just 3 km from Maroochydore CBD.