SIGNIFICANT MEDICAL ASSET – 789SQM FREEHOLD LAND PARCEL – DEVELOPMENT UPSIDE!

Cushman & Wakefield on behalf of our vendors is pleased to present to the market For Sale 1352 Creek Road, Carina a substantial freehold two-level medical asset with development upside via ‘Expressions of Interest’. Constructed in 2013 this property holds a modern design with premium finishes throughout currently comprising of a high-quality medical centre located on the ground floor, two-bedroom residence on the first level, (8) on-site car parks, two-car garage and a shed for storage across a 789sqm land parcel. An existing development approval will allow for the conversion and extension of the first level residential apartment into medical suites and a total of (16) designated car parks this is a highly appealing product for investors, owner-occupiers or residential developers in the market. Key Investment Highlights - Total site area 789sqm* with 24m* frontage to Creek Road - Zoned ‘Low Density Residential’ with permitted medical use - 118sqm ground floor specialist centre, 96sqm apartment and approval for 274sqm NLA - Development Approval until June 2025 for a 60sqm extension on level one and (16) on-site car parks (1:17sqm ratio) - High-quality modern build with noteworthy road presence - Strong health catchment in proximity to Greenslopes Private Hospital (631 bed facility) and Belmont Private Hospital (14 bed facility). - Companies ‘Creek Road Dental’ and ‘Creek Road Health’ with an established customer base will be included in this sale. - Located nearby excellent retail amenity supported by Westfield Carindale with over 450 speciality stores and anchor tenants. - Carina is an affluent Eastern suburb of Brisbane located 10kms* East of the Brisbane Central Business District, 18kms* to Brisbane Airport and 78kms* to the Gold Coast. - Estimated 12,369 residents located in Carina growing at a rapidly higher rate for persons 65+ in comparison to Brisbane LGA*. 1352 Creek Road, Carina will be sold vacant possession via ‘Expressions of Interest’ closing 4pm Wednesday 22nd September 2021 AEST. For further information, detailed information memorandum or to arrange an inspection contact the Exclusive Cushman & Wakefield agents directly. - Brisbane - South