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Description: ON THIS VACANT HALF-ACRE CORNER ALLOTMENT, Jacqui Walker presents this Blank Canvas where you can DEPLOY PLANS for a Residential Care Facility Development subject to Council Approval, or BRING YOUR OWN IDEA.
THE ASSET - VACANT LAND ALLOTMENT:
- Land-site selling vacant
- 2,023 Sq Mtrs
- Valuable corner allotment, corner Pugh and Arthur Streets
- Measurements: 50 metres to Pugh Street x 40 metres to Arthur Street
- Orientation to Pugh Street: East
- Orientation to Arthur Street: South
- Zoning: Medium Density Residential
- Local Government Area: City of Townsville
- Real Property Description: Lot 137 on Registered Plan 703567
PER EVIDENCE BELOW, Townsville is experiencing continued infrastructure expansion, with positive impact on population growth, tourist, and job numbers. This enhances likelihood of capital growth prospects and economic growth for the Developer / Investor who purchases this site.
DEEP-DIVE in to potential Residential Care Facility Development:
- Comprehensive research, pitch and planning has been undertaken for a Residential Care Facility, specifically specialist disability accommodation, which is a form of housing that is designed to enable eligible NDIS participants to receive the support they need to live in the community.
- Opportunity exists to springboard off this preparation
- A suggested 3 Year exit strategy for a Developer is to sell the property to realise full capital gain
- Meanwhile, rental terms for SDAF accommodation are generally longer than standard residential leasing terms
- These properties tend to command higher than usual market rent due to the need for the dwellings to be built to meet the requirements of people with disabilities
- Rental costs are usually backed by the NDIS, providing a stable source of income for investors, as long as the NDIS participant and housing provider remains eligible
- Currently there are over 28,000 Australians living with a disability that the Government has identified as living in inappropriate accommodation
- In Townsville, as at 2021, there were 64 approved participants
- In Townsville, as at 2021, there were just 5 accommodation facilities
::: Typically speaking, such facilities tend to service 5-6 Residents each
- There is currently a very high demand for and a critical shortage of suitable housing for NDIS participants in Australia
- NDIS participants eligible to receive specialist disability accommodation funding from the Government are those who suffer from extreme functional impairment or otherwise have a very high need for support
FAST FLYOVER of the AVAILABLE PLANS:
- 6 x 2-bedroom Units
- 2 bathrooms per Unit
- Two levels
- Lift access
- Overnight Carers Accommodation
- Car parks
- High Physical Support design criteria
- Complies with Special Disability Accommodation guidelines and requirements
AREA SNAPSHOT:
- Townsville is an idyllic tropical city on Queensland's north-east coast
- The Port of Townsville expansion well-underway, including installation of a 70-tonne Ship-to-Shore crane
::: This attracts much larger cargo and passenger ships
::: Townsville is well on its way to becoming a hub for major trading partners in Asia
- 330m to Charlotte Street Park
- 550m to Rossiter Park with river frontage
- 590m to Myer at Townsville Shopping Centre
- 2.7km to Townsville University Hospital
- 10.1km to The Strand, Townsville's thriving beach foreshore
- Aitkenvale population: 4,800 approx.
- City of Townsville population: 198,000 approx.
CAPTURING a value-adding Corner Street position, the half-acre land allotment at 29 Pugh Street represents a strong opportunity for Developer Investors.
FOR MORE INFORMATION, we're standing by - as the Exclusive Agents - for your Inquiry. TAKE ACTION TO ACQUIRE AITKENVALE DEVELOPMENT ASSET AT ONCE!
***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.
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