IPSWICH QLD - DA APPROVED DEVELOPMENT SITE - $1.2M - 50% CONTRACOIN

IPSWICH QLD - DA Approved NDIS Development Site - $1.2M - 50% Contracoin

This DA approved development site is for 2 NDIS buildings to be built, each on its own separate freehold title. They could be sold separately or potentially strata-titled. The site is shovel ready with building approval in place waiting for builder to start.

Features:

• The location is 6 minutes from the Ipswich hospital. 4 minutes from the Ipswich CBD
• Coalfalls is a well-established inner suburb of Ipswich with a high standard of surrounding residential stock
• 2 buildings will be built, each approved for 3 x High Physical Support participants plus a separate one-bedroom self-contained carer’s unit in each building
• Each participant will enjoy a 2 bedroom apartment and a whole floor to him/herself. The design provides one exclusive apartment per floor
• Ample on-site car parking at more than double the minimum requirements
• Attractive elevated views to distant hills
• Low maintenance building design
• Potential for a stage 2 subject to Council approval
• Potential to strata title the apartments individually
• NDIS apartments enjoy high occupancy rates and high rents, paid for by the
Australian government
• CPI rent increases
• NDIS tenants (participants) are reliable tenants - they rarely leave and the properties
are well looked after
• Depreciation benefits are higher than normal rates

Valuation: $2.95m per building - valuation by M3 - a copy is available upon request.

Projected net rental income: $454,782 per annum net. Expected to increase by completion

Operator: The planning and design of the buildings was completed in consultation with NDIS provider, Everhomes, based in Ipswich. Everhomes manages approximately 100 NDIS properties and is an established operator.

Lease: Everhomes is available to enter into a 20-year lease agreement to operate and property manage the facilities.

$1.2M - $600,000 cash + $600,000 Contracoin (50%)