TWO aged care sites in Eagleby and Seven Hills have sold for a combined $10.75M with both parcels set to be developed into state-of-the-art aged care facilities.
In an off-market deal, the 164 River Hills Road 2.9ha* development site in Eagleby was sold to an aged care operator for $4M.
That deal was swiftly followed by the 6,000sq m* parcel in Seven Hills selling to a Melbourne-based aged care group for $6.75M at Griffith Place.
The assets were sold by Ray White Special Projects Queensland directors Tony Williams, Mark Creevey and Matthew Fritzsche.
Mr Williams said the Eagleby asset was sold following a specifically targeted campaign that put vendor and purchaser together.
“The site is in the active Brisbane and Gold Coast corridor, and whilst approved for 84 three-bedroom townhouses, the incoming buyer intends to develop the site into an aged care facility,” Mr Williams said.
“The near-level site offers frontage to, and access from, River Hills Road connecting to the commercial centre of Eagleby.