216 Malabar Road,
South Coogee, NSW 2034
Development Sites & Land
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Map of 216 Malabar Road
Existing Block of 7 Tenancies, 2 x DA Approvals for 7 Resident SDA Building or 15 Room Boarding House
Conveniently located on the coastal hub with easy access to transport and amenities, this unique property presents a rare and lucrative investment opportunity. With a land size of 882.8sqm currently retuning $175,000 pa approx. gross and boasting upside with fully leased total Gross income PA (100% occupancy) $695,894.04 (under SDA scheme) this block of 7 tenancies offers not only exceptional holding income but also significant potential for future development.
Development approval for either a 7-room high physical support SDA (Specialist Disability Accommodation) facility or a 15-room boarding home, complete with a manager's room. Investors can tap into the growing demand for specialist disability accommodation, taking advantage of both building & NDIS rental subsidies.
- Located in a tranquil coastal pocket central to all amenities
- Potential fully leased total Gross income PA (100% occupancy) $695,894.04under SDA Scheme *source ndis.gov.au
- Development approval for 4 individual SDA units plus a 3 bedroom SDA Villa
- Substantial land holding of 892sqm offering further concepts to be explored
- Generous grants from NDIS to secure rental income, building subsidy, large depreciation benefits
- Future proof investment, addressing rising demand for specialist disability accommodation
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.
Development approval for either a 7-room high physical support SDA (Specialist Disability Accommodation) facility or a 15-room boarding home, complete with a manager's room. Investors can tap into the growing demand for specialist disability accommodation, taking advantage of both building & NDIS rental subsidies.
- Located in a tranquil coastal pocket central to all amenities
- Potential fully leased total Gross income PA (100% occupancy) $695,894.04under SDA Scheme *source ndis.gov.au
- Development approval for 4 individual SDA units plus a 3 bedroom SDA Villa
- Substantial land holding of 892sqm offering further concepts to be explored
- Generous grants from NDIS to secure rental income, building subsidy, large depreciation benefits
- Future proof investment, addressing rising demand for specialist disability accommodation
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.
Additional information
External websites
South Coogee, 2034 demographic data
The median household income for South Coogee is $2,105, 1% higher than Greater Sydney's household income of $2,077. South Coogee has an older age profile compared to the rest of Greater Sydney (median age 42 vs 37). Property ownership data shows 48% of property owners in South Coogee have a mortgage.
5,611
Population
$2,105 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
NGFarah
Level 1, 9 Bunnerong RoadKINGSFORD, NSW 2032
04184020...
216 Malabar Road
South Coogee, NSW 2034
NGFarahLevel 1, 9 Bunnerong Road
KINGSFORD, NSW 2032
KINGSFORD, NSW 2032
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