33 Everglades Street
Lyndhurst, VIC 3975

This property presents a rare opportunity to acquire a purpose-built Specialist Disability Accommodation (SDA) investment with immediate income and significant potential for growth. Currently leased at $1,822 per week, this high-performing asset delivers a gross yield of 6.11% and benefits from land tax exemption, subject to eligibility, making it an attractive addition to any investment portfolio.

The dwelling is purpose-designed for two NDIS-approved participants, offering a compelling value-add opportunity. Upon securing the second participant, projected rental income increases to $3,764 per week, with the property expected to command a value of $1,880,000. This represents a substantial uplift in both yield and asset value.

Investment Highlights:

• Current Asking Price: $1,550,000
• Current Rental Income: $94,741 per annum ($1,822 per week)
• Current Gross Yield: 6.11%
• Projected Rental Income with second tenant: $189,482 per annum ($3,643 per week)
• Projected Gross Yield: 12.22%

Alternatively, the property can be purchased after the second tenant is secured, at which point the sale price will increase to $1,880,000 with a projected gross yield of 10.07%.

Why This Opportunity Stands Out:

• Immediate rental income uplift upon second tenancy
• Potential capital growth of approximately $400,000
• SDA income supported by the NDIS pricing framework
• Dual-participant design effectively doubles revenue potential within enrolled dwelling limits
• Land tax exempt investment structure

Prime Marriott Waters Location:

Positioned just 350 metres (approximately a 5-minute walk) to Marriott Waters Shopping Centre, the location offers convenient access to Woolworths and Aldi supermarkets, medical centres and pharmacies, as well as a variety of restaurants and cafés.

Exclusive Resort-Style Living – Club Marriott Access:

• Indoor heated pool
• Fully equipped gymnasium
• Function room
• Outdoor recreation spaces and children's facilities

Exceptional Community Connectivity:

• Surrounded by parks, bike paths and sporting facilities
• Close proximity to hospitals, allied health and specialist care providers
• Quiet, secure and highly sought-after residential setting

This investment is more than a property purchase; it is a strategic SDA investment with immediate income, government-backed revenue fundamentals, and a defined pathway to materially higher returns. Secure this property now at $1,550,000 before the second tenancy activation and projected repricing to $1,880,000.