A vacant DA Approved site with approval for a 6,000sq m* medical centre across two 3-story buildings has sold for $1.9m to an offshore investor.
The 4.4 acre* site at 88-102 Louisiana Road, Hamlyn Terrace NSW has alternative potential for nursing homes, retirement and assisted living or a hospital.
The property was sold through Nick Lower, Ollie Ridley and Selin Ince of Savills Australia who said the campaign generated strong local and offshore interest from investors, developers and medical funds, which eventuated in a successful negotiation after a competitive bidding process.
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