A DA-approved Greenfield development site with approval for a large medical centre, and SP2 zoning permitting a range of uses including a hospital, medical health centre, retirement living and assisted living has hit the market in Hamlyn Terrace, in Wyong, 90kms north of the Sydney CBD.

The 4.4-acre site also benefits from being in close proximity to Wyong Public Hospital, Kanwal Medical Centre and Hakea Grove Residential Aged Care Facility.

Positioned in the heart of the Wyong Health Precinct, the site has the potential for direct access to the Wyong Public Hospital via an approved internal connector road. The Hospital offers a range of services for the aged, including general health, allied health and mental health services.

For sale exclusively through Nick Lower, Ollie Ridley and Selin Ince of Savills Australia on behalf of Louisiana Property Pty Ltd, the site has approval for a 6,000sqm medical centre across two 3-storey buildings and alternative potential for nursing homes, retirement and Assisted Living residences.

According to Nick Lower State Director - NSW, Metropolitan & Regional sales at Savills Australia, the property has been owned by private investors/developers for a number of years, who ceased the opportunity to acquire the parcel of land which abuts the neighbouring Wyong Hospital.

“With the hospital undergoing an $200m refurbishment plan, the incoming purchaser will benefit from the advanced activation of the surrounding area which has undergone significant change since originally purchased in 2005”.

Mr Lower went on to say that the current development approval also includes a large landscaped plaza and basement/under croft and on grade car parking for 216 cars.

“The current deed between NSW Health and Louisiana Properties Pty Ltd for a ‘Link Road’ from 88-102 Louisiana Road directly to the Wyong Hospital road network makes this site a premium offering and it is understood that there is no height limit on the site, but that council has indicated a preference for a maximum of five levels” he said.

“The Central Coast region is fast becoming a retirement destination of choice, offering both sea and tree-change retirement opportunities.

“It is these cultural and natural assets that make the Central Coast Region a renowned destination for the retired population” he said.

The local Wyong retirement market is evenly split between For Profit and Not-for-Profit operators, but none of these facilities offer Assisted Living residences, with current assistance generally delivered through ‘Home Care’ providers or relatives and friends.

“Ageing in Place is an important consideration for both operators and residents, and with a range of Aged Care facilities in close proximity, this becomes a comforting reality for retirees” said Mr Ridley.

According to there are 21 Aged Care facilities within the catchment, eight of which are within a 10 minutes’ drive of the site.

“This is an important consideration for potential residents as Ageing in Place and ‘continuum of care’ offerings are key decision-making drivers underpinning future demand”.

Local shopping centres within close proximity include Westfield Tuggerah, Lake Haven Shopping Centre, Wadalba Shopping Centre and Village Central Wyong.

Large regional centres with substantial medical facilities ably support the Hamlyn Terrace area. The larger facilities include Wyong Public Hospital and Tuggerah Medical Centre and Wyong Village Medical Centre

“From its myriad of shopping options to extensive leisure options, community facilities and vibrant ‘local community feel’, health and care locations such as 88-102 Louisiana Road are fast becoming sought after locations for retirement and care communities” said Ms Ince.

​This is a sponsored feature article.

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