In a significant transaction showcasing the continuous growth of South-East Queensland, a prime development site situated directly across from Logan Hospital has been successfully sold for $12.5 million. The property, located at 18 Nestor Drive (224 Loganlea Road), Meadowbrook, spans 1.624 hectares and was acquired by Australian Unity Healthcare Property Trust. The sale, facilitated by Tom Barr of RWC Queensland and Matthew Fritzsche of Ray White Special Projects Queensland, underscores the attractiveness of the region for developers.
The sale of the site generated substantial interest, with 172 inquiries from both local and interstate developers. Positioned in the heart of Meadowbrook’s burgeoning health and education hub, the property offers favorable zoning and size, making it ideal for various high-demand development projects. With the population in Logan projected to exceed 500,000 by 2036, the site’s strategic location and attributes present a lucrative opportunity for residential mixed-use schemes.
Designated as a ‘Gateway Site’ under the Meadowbrook Master Plan 2016, the property is zoned Centre Zone (District Centre) and boasts a code-assessable building height of up to 25 meters, extendable to 40 meters with council approval. Its flat terrain and decontaminated state render it primed for development across multiple sectors such as retail, commercial, medical, education, hospitality, residential, and aged care. The property’s proximity to Logan Hospital, undergoing a substantial $1 billion expansion, further enhances its appeal to potential developers.
The ongoing upgrade of Logan Hospital, including the addition of 206 new beds in Stage 1 and a further 112 beds in Stage 2, indicates a significant investment in healthcare infrastructure. This development surge is expected to drive demand for complementary health, residential, and mixed-use projects in the area. The site’s sale represents not only a lucrative commercial transaction but also underscores the evolving landscape of healthcare real estate in the region.
The successful sale of the property opposite Logan Hospital signifies a promising outlook for commercial property sales in Logan City, Queensland. The transaction, facilitated by Australian Unity Healthcare Property Trust, highlights the high level of interest from both local and interstate developers in the rapidly growing South-East Queensland corridor. With the ongoing expansion of Logan Hospital and the region’s projected population growth, the site’s development potential aligns with the increasing demand for diverse real estate offerings in the area.
The sale of the site at 18 Nestor Drive (224 Loganlea Road), Meadowbrook, underscores the dynamic nature of commercial property transactions in Queensland. The collaboration between RWC Queensland and Ray White Special Projects Queensland in managing the campaign reflects the strategic approach taken to attract a wide range of potential buyers. The property’s location in Meadowbrook’s evolving precinct and its development-ready status position it as a prime investment opportunity in the flourishing Logan City region.
The successful sale of the prime development site opposite Logan Hospital by Australian Unity Healthcare Property Trust signifies a milestone in the commercial property market in Logan City, Queensland. The transaction, facilitated by RWC Queensland and Ray White Special Projects Queensland, exemplifies the robust demand for development opportunities in South-East Queensland. As the region continues to experience growth and infrastructure enhancements, properties like the one at 18 Nestor Drive in Meadowbrook present attractive prospects for investors and developers looking to capitalize on the area’s potential.
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