The award-winning Vitality Village healthcare development within Australia’s largest healthcare hub, the $5 billion Sunshine Coast Health Precinct, has been listed for sale.

CBRE’s Michael Hedger, Rem Rafter and Louisa Blennerhassett have been appointed to manage the Expressions of Interest campaign on behalf of local developer the Double R Group. 

Vitality Village has a GFA of 4,636sqm across five levels and is the first health and wellbeing facility of its kind in Australia.

Located 12km south of Maroochydore, the building at 5 Discovery Court, Birtinya, opened in July 2021 and won two gold medals at the Brisbane Design Awards 2022.

“Vitality Village has been designed to provide a truly collaborative health and wellbeing environment to identify and deliver significant improvements to healthcare and wellbeing through collaboration between providers, innovators, researchers, and the community” Mr Rafter said.

With an income profile dominated by the healthcare sector, including 35% leased to Commlink Australia – one of Queensland’s largest aged-care providers, the project has a 4.4-year WALE.

“We’re witnessing strong demand in the health investment sector in Queensland,” Mr Hedger said.

“Given its close proximity to the Sunshine Coast private and public hospitals and an income profile that is highly weighted to the healthcare sector, we anticipate high levels of interest.”

Vitality Village is close to the proposed Sunshine Coast Transit Corridor, where the council’s strategic plan envisages a rail link, through Birtinya.

“The Sunshine Coast has been the subject of significant development in the past five years, which is fueling growth and opportunity within the region,” Mr Rafter said.

“In particular, there’s a strong focus on the growth corridor between Caloundra and Maroochydore, with Vitality Village ideally located to serve the community.”

For more information contact the agents via the contct form below.