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Overview
This established and purpose-built investment offers a rare opportunity to acquire a Specialist Disability Accommodation (SDA) complex in Mount Gravatt, approximately 10.8km from Brisbane's central business district, providing both accessibility and convenience to urban amenities.
Completed in 2021, the complex comprises four two-bedroom, two-bathroom High Physical Support apartments designed specifically to meet the needs of SDA participants. Each apartment spans approximately 94 square meters of internal living space, complemented by private open areas that enhance comfort and independence for residents.
Accessibility is a defining feature of the property, incorporating vertical lifts, automated doors, ceiling hoists, and a comprehensive assistive technology suite to support participants with high physical support requirements. Communal and support facilities including a dedicated kitchen, hydrotherapy amenities, fire sprinklers, emergency power, and CCTV-secured common areas ensure safety and promote community engagement.
Currently operating with four accommodated participants and supported by established provider and participant arrangements through a reputable church-affiliated organisation, the property presents a stable investment. The inclusion of dedicated on-site overnight assistance accommodation further supports the tailored care environment.
- A net income guarantee of $350,000 per annum is proposed for two years from settlement, subject to final agreement.
- The 680 square meter site provides ample space and allows for low-medium density zoning, facilitating a mix of two or three-storey buildings consistent with class 3 building standards.
- Additional benefits include two on-site car spaces and proximity to medical, retail, education, and public transport facilities, enhancing the convenience for both residents and care providers.
This complex suits investors seeking a purpose-built, operating SDA asset with proven participant occupancy and robust infrastructure in a well-located Brisbane suburb. Full operational details and provider arrangements are available during due diligence, supporting informed investment decisions.
Local Market Insights
In Mount Gravatt, Quiet Listings observed 7 new apartments entering the market over the last 30 days, down from 8 during the previous 30-day period, with an average advertised asking price of $1,297,000. The property type mix of listed properties is predominantly Houses at 55%, followed by townhouses (16%), and apartments (11%). The most active agency for apartments in the Mount Gravatt area is currently Remax, representing 29% of new listings, followed by Ray White with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Mount Gravatt QLD 4122
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