216 Malabar Road,
South Coogee, NSW 2034

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.