A prime piece of real estate in Manly West, which has housed the Silky Oaks Children’s Haven for nearly eight decades, is poised for redevelopment.
The 25,059sq m site at 218 Manly Road currently provides various services, including support for children and teenagers, housing and homelessness assistance, and an early learning centre. Now, Silky Oaks Children’s Haven is seeking Expressions of Interest (EOI) to explore the future potential of this expansive property.
While most of the services currently operating on the site will be relocated, the existing 57-place early learning centre will remain and be expanded. The EOI campaign, managed by Knight Frank agents Christian Sandstrom and Sam Biggins, aims to attract proposals for a variety of uses, with a focus on long-term ground leases and outright sales. This includes plans for a new, purpose-built 120-place early learning centre adjacent to Manly State School.
This prime Manly West location offers significant development potential. The 25,059 sqm site is currently zoned for low-density residential and community facilities.
The EOI process is open to various possibilities, including seniors’ living, residential buildings, allied health facilities, and educational institutions. The site is particularly well-suited to medium-rise projects, which offer the advantage of shorter construction timeframes.
Mr Sandstrom anticipates significant interest from developers and potential occupiers. He highlighted the site’s suitability for medium-rise projects, offering attractive 12- to 15-month construction timelines. The need for comparable development opportunities in this sought-after bayside suburb will fuel demand further.
Mr Biggins emphasised the unique nature of the offering, noting that the property has not been on the market in over 85 years. Its elevated position provides panoramic views of Moreton Bay and the Brisbane CBD.
The site’s regular shape and dual street access offer flexibility for staged development. He believes the potential for diverse development outcomes will draw interest from various parties.
The EOI campaign closes at 4:00 p.m. on Thursday, 17 October.
Published Date 15-October-2024