2
9
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20 Loreburn Street,
Mount Gravatt Queensland 4122
Price: Offers from $3.2m
SELLING. This Residential Care Facility is currently let on a long 10 Year Lease until March 2031 t
KEY POINT:- Currently let on a long 10 Year Lease until March 2031 to a well-recognised Religious Care organisation.
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 approx
- Orientation to Street: South-west
- Real Property Description: Lot 123 on Registered Plan 69089
- Local Government Area: Brisbane City Council
INCOME:
- This property is currently let on a long 10 Year Lease until March 2031 to a well-recognised Religious Care organisation
- 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
- 3 Years of Costs, and recent Rates / Water / Land Tax costs, are detailed in the Information Memorandum
::: This document will be made available to qualified prospective purchasers
- The most recent annual Building Insurance premium cost $11,361.00 per annum
::: Prospective Purchasers should obtain their own quote tailored to their specific requirements
- 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 Specialised Disability Accommodation is often awarded between $50,000 to $60,000 per annum
- Rental terms for SDA Specialised Disability Accommodation are generally longer than standard residential leasing terms
- This SDA 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 Covered car accommodation with an internal hydrotherapy spa
- High physical support design criteria
- Complies with SDA Special Disability Accommodation guidelines and requirements
INDUSTRY DEEP-DIVE:
- Residential Care Facilities, specifically SDA Specialised 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
::: In general, such facilities tend to service around 4 Residents each
- As you can see, this results in a very high demand for, and critical shortage of, suitable housing for NDIS participants in the area
- NDIS participants eligible to receive Specialised 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, with 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.
