This article is from the Australian Property Journal archive
TRIDENT Property Advisory, in a joint venture with Cancer Care Associates, has purchased a Noosa medical development site for $12 million.
The 8,000 sqm, 36 Hofmann Drive site has approval for a major medical precinct, which will provide a large cancer care clinic including radiation oncology, along with a range of specialist medical services.
CBRE Sunshine Coast’s Louisa Blennerhassett brokered the off-market deal.
The sale price represented a rate of $1,500 per sqm.
Blennerhassett said the transaction demonstrates the ongoing strength of the Noosa market, driven by scarcity of land and development opportunities.
“The proposed development for this site will deliver much-needed medical services to the region.”
It is anticipated that construction will commence in August.
