54 Falconer Street SOUTHPORT QLD 4215

483 m2 708 m2
Under Contract

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Irreplaceable DA & BA Approved Opportunity catering for NDIS Participants.

With the recent Federal Government Budget announcing a further $3.9 Billion in NDIS funding, Tony and Adam Grbcic from Kollosche are pleased to present 54 Falconer Street, Southport. With all the hard work done and approvals in place, this is a lucrative opportunity not to be missed.

The Site will be shovel ready in March 2021, offering;
* 708m2* of North East land
* Directly across from a parkland which can never be built out
* Strategic corner lot

Meticulously designed by Burleigh Design with both Development Approval and Building Approvals in place, with minor internal and external design amendments which provide compliance with;

1. Specialist Disability Accommodation (SDA) High Physical Support Platinum Level
2. Specialist Disability Accommodation (SDA) Improved Livability
3. Living Houses Australia (LHA) Platinum Level
4. Living Houses Australia (LHA) Gold Level

(Development Approval current until 26 February 2024 & Building Approval current until 30 October 2024)

The Development Approval comprises;
* 14 oversized units over 6 levels
* No basement design (at grade parking)

The Building Approval classifies as a 'class 2' building which;
* Was obtained prior to the new legislation coming into affect, therefore this building does not require a fire sprinkler system.
* Qualifies for the majority of the NDIS funding.

The site is located only 400m to the Light Rail Station and adjacent to the 'Queen Street Village' (under construction). Only minutes to the Spendelove hospital, Queen Street Medical Precinct and Ramsey Health Precinct, making it appealing both for NDIS and for those who wish to covert to a standard unit development.

The breakdown of units for NDIS participants are;
• 8 x 2 bedroom 1 Participant High Physical Support
(Maximum Gross Rent - $759,048 / $94,881 per unit)
• 1 x 2 Bedroom 1 Participant High Physical Support with OOA
(Maximum Gross Rent - $110,694 / $110,694 per unit)
• 5 x 2 bedroom 1 Participant Improved Livability
(Maximum Gross Rent - $254, 346 / $42,391 per unit)

Under the current NDIS Price Guide 2019-20, the building when fully let will have the ability to rent for $1,124,008 per annum. Providing a high yielding, government funded and secured investment opportunity.

This property is being offered to the public via private treaty, for further information please contact the exclusive listing agents.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise. less

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54 Falconer Street
SOUTHPORT QLD 4215

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Southport The size of Southport is approximately 14.6 square kilometres. It has 58 parks covering nearly 10% ...