Prized Ashmore Government Funded Accommodation - Back On The Market And Must Be Sold
RWC Gold Coast proudly presents 'Cotlew Manor,' a community care center in Ashmore, now available for acquisition. For over 40 years, the family-owned Cotlew Manor has been a premier provider of Specialist Disability Accommodation, community care, and affordable housing in South-East Queensland. Cotlew Manor Ashmore serves individuals with mental, intellectual, and physical disabilities, as well as the elderly. This unique opportunity allows for the continuation of current operations or repurposing for specific SDA, Respite, Aged Care, or other healthcare-related uses.
This freehold, government-assisted living facility offers a secure investment opportunity, ideal for savvy operators seeking solid returns. As of the end of June 2024, the facility has generated an estimated net profit of $1,350,000* (final figures are currently with the accountant). An independent, comprehensive NDIS consultant summary report will be provided, highlighting potential earnings and opportunities to significantly enhance net income.
Key Features:
• Underlying land area of 4,047m²* (over an acre) of land in Ashmore
• Facilities include 5 standalone brick buildings, an in-ground swimming pool, and comprehensive on-site services including meals, laundry, room cleaning, and daily medicine distribution
• 60 rooms across five buildings, accommodating up to 62 residents
• Convenient Access - less than 5km* to Southport, Broadbeach, and Surfers Paradise, with a bus stop at the front door and on-site parking available
• Prime Location offering close proximity to distance to GCUH and Pindara Private, Benowa and Southport Medical Precincts, Ashmore Plaza Shopping Centre (anchored by Woolworths), Griffith University, TAFE, and several parks
• Zoned 'Medium density residential' - Community Care Centre MCU2700319 - 2016.
• Property is land tax exempt
Expressions of Interest closing at 3pm on Thursday, September 5, 2024.
This is an exceptional opportunity to invest in a well-established and profitable community care facility in a prime location. Don't miss out on this rare offering.
*Approx.
Disclaimer:
The website may have filtered the property into a price bracket for website functionality purposes. Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. *Approximately