Developer Snaps Up $10.4M Radiology Clinic Site in Redcliffe, Major Plans Ahead

Radiology clinic
Artist’s impression of proposed health care building (Photo credit: Rohrig)

A site housing a radiology clinic in Redcliffe could undergo a major transformation after being purchased for $10.4 million by a developer.

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The site at 6 Silvyn Street, located near Redcliffe Hospital, has been identified as prime real estate for a new comprehensive medical centre.

Qscan will remain as the anchor tenant, but the new owners plan to further develop the property to include additional medical services, subject to approvals. 

Photo credit: Rohrig

The development application lodged by the new owners, designed by Rohrig, envisions a new one-story, contemporary healthcare facility featuring the existing radiology clinic as well as up to eight new tenancies for healthcare providers. 

The proposal seeks to demolish the existing commercial buildings on the eastern aspect of the site and construct a single-story office and medical care service building. 

The proposed building will have a total site area of approximately 4,454 sqm and will include commercial/medical tenancies at ground floor level ranging in size from 114 to 166 sqm.

Photo credit: Rohrig

There will be 30 car parking spaces provided, including a disability and ambulance bay. The existing car parking associated with the Qscan premises will remain. Site access is proposed via Silvyn Street and Portwood Street. 

The assessment has assumed 24-hour, after-hours operation should after-hours medical care be required.

The additional tenancies are expected to house general practitioner clinics, specialist consultancies, pathology services, and allied health practices, taking advantage of the site’s proximity to the major hospital. 

Photo credit: Rohrig

The developers are also planning to collaborate with healthcare professionals to deliver top-tier medical and rehabilitation facilities for the benefit of the local community.

The agents who brokered the off-market deal highlighted the growing demand for healthcare real estate assets. They believe the rise in demand for essential services in recent years, such as medical centres, will continue due to increased resilience to economic conditions.

They highlighted that the medical sector remains one of the most buoyant in commercial property, bolstered by ongoing government investments in healthcare.

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With roughly half the site already leased long-term to Qscan until 2032 and the balance being primed for further development, the $10.4 million acquisition sets the stage for a significant new medical hub in the heart of Redcliffe.

Published 14-March-2024