Share this property

realcommercial.com.au
NGFarah

216 Malabar Road South Coogee, NSW 2034

Directions

216 Malabar Road,
South Coogee, NSW 2034

Development Sites & Land

Price information

Sold

Contact Agent

Key property information

Land area

Car spaces

Tenure type

Sold on

Map of 216 Malabar Road

Directions

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.

Additional information

Property ID: 504404976Last Updated: 24 Jan 2024

NGFarah

353 Anzac Parade
KINGSFORD, NSW 2032
NGFarah
216 Malabar Road
South Coogee, NSW 2034
NGFarah
353 Anzac Parade
KINGSFORD, NSW 2032
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from NGFarah

Other properties you might be interested in based on the location and property type you are looking at.