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Description: The Opportunity
Positioned within the core of Ipswich's established healthcare precinct, 11 Pring Street presents a rare, approval-backed development opportunity for medical and allied health operators.
This 1,012m² site is offered with an existing Development Approval for a multi-level medical centre, allowing a purchaser to bypass early-stage planning risk and move directly toward delivery.
Located within immediate proximity to both St Andrew's Private Hospital and Ipswich Hospital, with the public hospital currently undergoing significant expansion, the site is ideally positioned to benefit from sustained healthcare demand and infrastructure investment.
Development Approval
The property benefits from an approved Material Change of Use - Medical Centre (DA: 7737/2018/MCU)
Key approval parameters include:
• Development Permit (approved)
• 6-year currency period
• Staged development structure:
• Stage 1: Ground to Level 2 (~1,412m² GFA)
• Stage 2: Levels 3-4 + roof (~1,146m² GFA)
Total approved GFA: ~2,558m² across a 5-level configuration
The staged approval provides flexibility in delivery and capital deployment.
Approved Development Concept
• 5-level medical centre design
• Multi-tenancy configuration suitable for:
• Specialist consulting suites
• Allied health providers
• Medical services
• Integrated on-site parking, access and servicing design
• Lift access and compliant building layout
The approval allows for 24-hour operation (subject to conditions)
Use limitation:
The approval is suited to medical and allied health uses and excludes surgical/day hospital procedures and overnight accommodation
Location & Healthcare Positioning
Pring Street is firmly established as one of Ipswich's primary medical corridors, characterised by a concentration of healthcare infrastructure and providers.
Surrounding uses include:
• St Andrew's Private Hospital
• Ipswich Hospital (major expansion underway)
• Ipswich Medical Multiplex
• Pring Street Medical Suites
• Established specialist and allied health operators
This clustering creates a proven tenant ecosystem, reducing leasing risk and supporting long-term demand.
Market Fundamentals
• Ipswich is one of South East Queensland's fastest-growing regions
• Ongoing public and private investment in healthcare infrastructure
• Increasing demand for decentralised medical services
• Limited supply of approved medical development sites within established precincts
For developers, this translates to:
• Strong tenant demand
• Reduced leasing risk
• Confidence in long-term asset performance
Commercial Takeaway
• Existing approval in place = reduced planning risk and time to delivery
• Established healthcare precinct = structural tenant demand
• Staged development = flexible execution strategy
• Scarcity of comparable sites = limited direct competition
This is a ready-positioned medical development opportunity, with approvals secured and fundamentals aligned.
Contact
For further information, approved plans, and documentation:
Abraham Sammut
0411 399 389
Warren Ramsey
0412 266 304
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