22 Cormorant Grange, Winter Valley

NDIS home near completion and ready for tenancy

The phone enquiry code for this property is - 2138

Great investment opportunity - NDIS/SDA property in Winter Valley, Ballarat. A long-term secure lease with potential high income returns..
This property is currently under construction with the last construction claim from the builder being the “fixing” stage. The estimated completion time is close to the end of this year – estimated October/November 25.
The property has currently no participants approved to reside in it. However, the seller has engaged with a Provider named SDA Consulting who have advised with confidence that they will be able to source and place participants. Refer to the section which has included the information on potential tenancy. The seller has also included a Rental Guarantee Payment at the time of settlement (refer under Rental Guarantee).

Property details:
Location: check out location on map provided 128kms west of Melbourne’s city centre
Airport – 16min drive to Ballarat Airport Terminal
Hospitals – 12min drive to Ballarat Base Hospital
Shopping – 6min drive to Delacombe Town Centre
The home is a 3 bed, 3 bath, 2 living and 2 car design. The land size is 350m2, the home size is 178m2. Refer to the floor plan included.
The home is constructed to accommodate 2 or 3 participants of the Improved Liveability Care Level plus a 24-hour carer if required.

WHY BUY NDIS?
• Govt scheme in place for 20 years calculated from date of registration of property as SDA approved accommodation- long term secure lease to Federal Govt of Australia – potential high income returns
• Provide lovely new home with all up-to-date facilities for the disabled and bring comfort and joy to someone’s life who currently does not enjoy this!
• Ask for additional information re the scheme and how it works and is working!
• Very secure investment

THIS OPPORTUNITY:
This brand-new home not yet fully constructed. The cost to purchase has been calculated at current land value plus the current build cost to replace the home. There is a huge advantage in buying now – as the warranties are still applicable and the QBCC Insurance is still affective for the balance term of 6-7 years. Plus, prices are constantly rising in this location.
We have calculated the purchase price on current replacement costs – (these costs are based on the current figures provided by the council, the cost of construction currently, and fees and charges payable to other authorities and the govt – these may change due to amendments).

INCOME:
This property when tenanted, will have a substantial and strong income. The income stated is from the Govt Income calculator (dated 24-25) The total income for 2 x participants at Improved Liveability (IL) Care Level maximum is $76,154 PA per participant. When fully tenanted by 2 participants (which is preferred by most care providers) the total income would be $152,308- Gross income yield of 18 – huge! (refer to the attached Calculation of Income from Govt supplied calculator – Income valid to June 26)
The benefit of buying already constructed home!
– The average build time for a HPS compliant home is now between 14-18 months – some locations even longer than this!
– When participants are secured, the home is ready for them to immediate accommodate – no waiting time for them!
– All Building approvals and HPS Compliance certificates and approvals are in place and current
– Property price increases are immediately applicable
Explore this exciting new concept for investing for long term growth and also high income return!
NDIS/SDA is an opportunity with a secure lease with the Govt for 20 years. We have information available for you to totally understand Investing in SDA/NDIS – please request this information as the scheme is quite complex.
There is opportunity to inspect the property upon request.
Re: Rental Guarantee available – the owner of this property is willing to provide a rental guarantee payment at the time of settlement if no tenants have been sourced and approved by the Govt to reside in this property. This would be the amount of $15,600 in total, which is $600pw x 6 months (which is 26 weeks). The reason for this is that many Care Providers will not list a home for tenancy, or secure participant occupation until the home is completed.
This Opportunity: ONE CONTRACT PURCHASE
Address: lot 408/22 Cormorant Grange, “Conroy’s Green Estate” Winter Valley – Ballarat 3358
Land size: 350m2. Land price: $273,000 Land is REGISTERED
Build size: 178m2. Total internal area including garage Build cost: $580,000 (calculated at current building cost for IL Care Level Building Design compliance) There are additional costs which the seller has had to pay including the registration of the home to SDA accommodation plus other fees and charges related to the Engagement of the Provider SDA Consulting. These have been included in the asking price.
Total House and package cost: $898,000
Total rooms: 3 beds, 3 baths and 2 cars – 24-hour carer accommodation included
Titled: yes
This is a property designed at the Improved Liveability level of compliance with the potential of 24-hour care service
POTENTIAL re Participant sourcing and Placement: State: Victoria Location – Ballarat SA3 area Participant with SDA in use: 235 Participants SDA eligible, not yet using SDA: 52 Total Participants with SDA in use or SDA eligible (not yet using SDA) 287.

Registration of Interest: Please call/email Kaye Tilley for additional information and for discussion regarding the property and its potential for investment, plus forthcoming income potential.