Welcome to this premium three-level Specialist Disability Accommodation development - completed in June 2024 and fully tenanted within just nine weeks of completion. This rapid uptake highlights the exceptionally high demand for quality SDA housing in this prime Gold Coast location.
Apartment Mix
The complex comprises a carefully planned mix of:
-2 x Oversized Two-Bedroom Apartments (approx. 100m² each)
-4 x Oversized One-Bedroom Apartments (78-88m² each)
-1 x Onsite Overnight Care Facility (OOA)
All apartments are designed with generous space, practical flow, and accessibility in mind. Residents enjoy secure off-street parking, a welcoming common foyer, and lift access to all levels - ensuring seamless transfers from vehicle to home.
Design Standard
Constructed to the High Physical Support design level, this development is suitable for participants funded under:
-High Physical Support
-Fully Accessible
-Improved Liveability
Each residence has been built with high quality construction, stylish modern finishes, and thoughtful design details - making them both highly functional and highly desirable.
Financial Overview:
Income Summary
-Apartment 2 (HPS): SDA $106,432 + RRC $13,162 = $119,594 pa
-Apartment 3 (FA): SDA $93,396 + RRC $26,324 = $119,720 pa
-Apartment 4 (HPS): SDA $106,432 + RRC $12,889 = $119,321 pa
-Apartment 5 (FA): SDA $90,072 + RRC $13,162 = $103,234 pa
-Apartment 6 (HPS): SDA $104,052 + RRC $15,985 = $120,037 pa
-Apartment 7 (HPS): SDA $106,432 + RRC $12,889 = $119,321 pa
Total SDA Income: $606,816 pa
Total RRC Income: $94,411 pa
Total Gross Rental Income: $701,227 pa
Outgoings:
-Council Rates: $26,880 pa
-Land Tax: $5,870 pa
-Water Rates (base charge, tenant pays usage): $6,720 pa
-Common Area Cleaning: $7,200 pa
-Fire Contract Fee: $1,600 pa
-Gardening Maintenance: $1,800 pa
-HVAC Contract Fee: $1,966 pa
-Insurance - Other: $12,500 pa
-Lift & Escalator Contract Fee: $4,000 pa
-Management Fee - Property/SDA Manager: $70,459 pa
-Pest Control: $300 pa
-Repairs & Maintenance (General): $1,800 pa
-Strata Levies / Body Corporate: $0
-Telephone & Internet Expenses: $360 pa
Total Outgoings: $141,455 pa
Net Income
Net Rental Income (after outgoings): $563,139 pa
Investment Highlights
-Fully tenanted within weeks - proven demand.
-Strata-titled for flexible funding and resale options.
-Low outgoings and strong yield.
-Full depreciation schedule available on request.
Professionally managed by Just SDA, one of Australia's most trusted SDA providers, ensuring compliance and consistent returns.
Location Advantage
-Arundel is one of the Gold Coast's most central and connected suburbs, offering immediate access to major healthcare, transport, and lifestyle infrastructure:
-Gold Coast University Hospital - 6 minutes (3.2 km)
-Gold Coast Private Hospital - 7 minutes (3.5 km)
-Griffith University (Gold Coast Campus) - 8 minutes (4 km)
-Arundel Plaza Shopping Centre - 3 minutes (1.5 km)
-Westfield Helensvale - 9 minutes (5.5 km)
-M1 Motorway - 6 minutes, direct link to Brisbane and southern Gold Coast
-Broadwater Parklands - 12 minutes (7 km)
This prime positioning combines healthcare accessibility, transport connections, and lifestyle amenities - all critical for long-term SDA demand and growth.
Summary
29 Hocking Street, Arundel represents a rare opportunity to secure a fully tenanted, high-yield SDA asset in one of South-East Queensland's most strategic and sought-after locations. With premium design standards, proven occupancy, strata flexibility, and trusted management in place, this property offers both peace of mind and strong long-term returns.
Disclaimer:
Whilst every care has been taken in preparing this advertisement, accuracy cannot be guaranteed. Prospective purchasers should not rely on the information provided and must make their own enquiries and satisfy themselves as to all matters. All measurements, figures, distances and images are indicative only. The agent and seller accept no responsibility for any errors, omissions or misstatements contained herein.
