The veteran village builder's business had successfully applied to City of Moreton Bay to construct 97 independent living units for retirees in a three-storey apartment complex on the disused Frawley's Tennis Club in Rothwell, 28km north of Brisbane’s CBD

Now the 9,825msq parcel of land, with the approval, is for sale with Sam Biggins and Clem Stack of Knight Frank.

Occupying a prominent and accessible position, there are no surrounding parcels of land that offers the same scale as 56 Coman Street to developers in the market. However, the current approval for the site has set an envelope for alternative residential development outcomes which could be accommodated on the site under current zoning (STCA). The EOI campaign for 56 Coman Street will close at 4pm (AEST) on Thursday, August 7.

Retirement Living facilities of comparable nature within the immediate proximity of 56 Coman Street include Levande Newport, Ballycara Residential and Bolton Care Seabrook. 

The Weekly SOURCE reported in September 2024 Paul's Mount Gilead Estate retirement village was for sale, also through Knight Frank, with 463 homes occupied and land available for other homes.

“The strength of the current market, and significant undersupply of residential accommodation provides potential to achieve market leading prices for the completed development product,” Sam said.  

“Rothwell has a high surrounding median house price of $875,000, with a large proportion of the population - more than 42% - entering retirement age, underpinning demand for additional senior living and social housing accommodation in the area.  

"Zoned specialised centre under the Moreton Bay Regional Plan, alternative uses may also include a medical centre development, quick service retail or similar low-intensity commercial uses, subject to council approval.”