20 Loreburn Street, Mount Gravatt QLD 4122

Expressions of Interest

9 beds

9 baths

3 parking

For Sale: HIGH-GROSSING Residential Care Facility --- Built 2020

THIS OPPORTUNITY to acquire a high-grossing Residential Care Facility - built in 2020 - is presented by Jacqui Walker at RE/MAX Success.




THE ASSET:

- Facility recently constructed in 2020

- Allotment Size: 680 Sq Mtrs

- Allotment Dimensions: 45m x 15m

- Orientation to Street: South-west

- Real Property Description: Lot 123 on Registered Plan 69089

- Local Government Area: Brisbane City Council




INCOME:

- Gross Rent 2022-23: $167,029
- Gross Rent 2023-24: $295,405
- Gross Rent 2024-25: $189,165 ... half-year only, with another 6 months left this financial year

- Management Fee 2022-23: $18,559
- Management Fee 2023-24: $33,517
- Management Fee 2024-25: $21,091 ... , half-year only, with another 6 months left this financial year

- Income is currently significantly high, as a high proportion of the current residents have significant needs, circa $90,000 per annum each

- The average new participant looking for SDA accommodation is often awarded between $50,000 to $60,000 per annum

- This property is currently let on a long 10 Year Lease until March 2031 to a well-recognised Religious Care organisation

- Rental terms for SDAF accommodation are generally longer than standard residential leasing terms

- This Specialist Disability Accommodation facility commands a higher than usual market rent, on account of the capabilities of this purpose-built facility to meet the requirements of people with disabilities

- Rental costs are usually backed by the NDIS, providing a stable source of income for investors, as long as the NDIS participant and housing provider remains eligible




THIS ENTIRE FACILITY COMPRISES:

- 4 x 2 bedroom Units

- 2 bathrooms per Unit

- Two levels

- Lift Access

- Overnight Carer's Accommodation

- 2 x car garage with an internal hydrotherapy spa

- High Physical Support design criteria

- Complies with Special Disability Accommodation guidelines and requirements




INDUSTRY DEEP-DIVE:

- Residential Care Facilities, specifically specialist disability accommodation, are forms of housing designed to enable eligible NDIS participants to receive the support they need to live in the community

- In Brisbane, as at 2021, there were 162 approved participants

- In Brisbane, as at 2021, there were just 8 accommodation facilities
::: Typically speaking, such facilities tend to service around 4 Residents each

- As you can see, this results in a very high demand for and a critical shortage of suitable housing for NDIS participants in the area

- NDIS participants eligible to receive specialist disability accommodation funding from the Government are those who suffer from extreme functional impairment or otherwise have a very high need for support




IN THE AREA:

- 350 metres to major retail shopping precinct
::: Home to stores including Bunnings and JB Hifi

- 850 metres to Glindemann Park

- 6.1km to PA Hospital

- 11km to Brisbane CBD

- 25km to Brisbane Airport

- Mount Gravatt population: 3,733 according to the 2021 Australian Census
- Brisbane population: 2,526,238 according to the 2021 Australian Census




NEAR-NEW, this Residential Care Facility in Mount Gravatt represents a robust opportunity for Niche Investors who require high-grossing yields backed by strong demand.

FOR MORE INFORMATION, we're standing by - as the Exclusive Agents - for your Inquiry. TAKE ACTION NOW TO ACQUIRE THIS HIGH GROSSING ASSET!





***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Property Details

• Type: BlockOfUnits
• Bedrooms: 9
• Bathrooms: 9
• Carport Spaces: 2
• Other Parking: 1
• Land Area: 680 m² (approx)