Posted: 2nd March 2023
Posted in: News
Selling agent John Cole said the high-profile 698sqm property at 107 Musgrave Avenue, Labrador, sits on the corner of Kumbari Avenue and had dual street frontage.
Mr Cole and selling agent said the site previously held development approvals for a “comprehensive multi-level medical centre” however the approvals had now lapsed.
Mr Cole said the property provided the buyer with great opportunities as a commercial investment because of its high-profile location within the within the burgeoning Labrador and Southport corridor.
“Subject to council approval, the site could be used for a range of commercial ventures such as a childcare centre, corner convenience store, medical facilities, or offices,” he said.
“I personally think it is apparent there is a shortage of medical centres and medical professionals in the city and investors can obtain good returns from investing in this sector.”