RetireAustralia has purchased the former Beth Eden Village in Graceville for $16.65 million, with plans to redevelop the historic riverfront property into a high-quality retirement living and integrated care facility.
According to CoreLogic, RetireAustralia acquired the 2.48-hectare site at 19 Bell Terrace, Graceville, which had been vacant for a year. For 19 years, Bethany Christian Care owned the property, which housed an aged care facility and retirement village known as Beth Eden.
The site features Verney House, a heritage-listed building constructed in 1888, converted into offices, aged care accommodation, and other structures, including stables.
Redevelopment Plans
RetireAustralia’s development proposal (DA A006540381) includes refurbishing Verney House and the old stables. The plans also involve constructing three four-storey residential buildings, providing 101 independent living units and a 10-suite Care Hub.
This Care Hub will offer a boutique, home-like environment with a higher level of care from a nurse-led team. Communal spaces for social and wellness activities, including a pool and a residents’ pocket park, are also planned.
RetireAustralia’s Chief Executive Brett Robinson highlighted the area’s shortfall in seniors’ living supply compared to the broader South East Queensland region. He expressed excitement about creating a thriving community for older Australians to live the life they choose in their own homes.
hr>“There is a shortfall of seniors living supply in this area compared more broadly to South East Queensland. We have worked closely with an expert design team, including Marchese Partners | Life 3A and CUSP, and are excited to propose a place that will support a thriving community of older Australians able to live the life they choose in their own home,” said Dr. Brett Robinson, RetireAustralia’s Chief Executive Officer.
“We will be the only seniors living provider in the catchment offering independent living with the continuum of care services.”
Published 1-July-2024