20 Loreburn Street

Mount Gravatt QLD 4122

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 CouncilINCOME:- 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 eligibleTHIS 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 requirementsINDUSTRY 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 supportIN 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 CensusNEAR-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.