Gold Coast aged care facility or redevelopment site for sale

A concept image of the development approval in place for expansion and refurbishment of the existing high care facility.

BUYERS have a real opportunity to purchase a substantial aged care facility or redevelopment site on the ever-popular Gold Coast as 6 Mylor Street in Nerang hits the market.

The asset is just 8km* west of Surfers Paradise in the picturesque Gold Coast Hinterland.

The 23,522sq m* site is situated in a quiet residential cul-de-sac and offers a 186.5m* street frontage and backs onto Mooyumbin Creek.

The property is being marketed and sold via an expressions of interest campaign by Ray White Commercial Queensland Director and Head of Investment Sales Tom Barr.

“The existing 81-bed high care facility is being offered for sale vacant possession (with or without bed licenses),” Mr Barr said.

“There is a development approval for expansion and refurbishment of the existing high care facility to deliver 51 one-bedroom suites and 15 two-bedroom suites (81 beds total).

“The asset also offers multiple alternate uses and development opportunities including semi-rural residence, dwelling houses, short-term accommodation, non-residential uses, semi-rural uses, and other uses, subject to council approval.

“The Gold Coast has seen exponential growth in recent times and we expect a property like this to attract a huge amount of attention throughout the campaign.

“The location is excellent as you’re within walking distance to essential services including community uses (Nerang aquatic centre, tennis centre, and library), Nerang Cineplex, and Nerang Fair Shopping Centre.

“It’s also well serviced by public transport and offers outstanding access via the M1 Pacific Motorway (north/south), Southport-Nerang Road (east), and Beaudesert-Nerang Road (west).”

*Approximately.