5 Lorimer Street, Springwood, Qld 4127

*Information Memorandum available on request*

Discover an exceptional opportunity in a tranquil locale, just 300 metres from Coles and premier retail, dining, and lifestyle destinations, and a mere 200 metres from the Springwood busway station. This location provides rapid vehicle access to the Pacific Motorway, ensuring connectivity and convenience.

As Springwood evolves into the emerging CBD and cultural hub of Logan City-aligned with the Greater Springwood Master Plan-this development offers a chance to be part of something extraordinary.

Development Opportunity Overview:

Project Potential:
Complete the existing DA approval for a high-yield Specialist Disability Accommodation (SDA) development or secure the land bank for potential capital growth.

DA approved for a 4-level site accommodating 14 High Physical Support (HPS) SDA apartments plus 2 onsite Overnight Assistance (OOA) studio apartments.

The layout comprises 8 two-bedroom apartments, 6 one-bedroom apartments, and 2 OOA studio apartments.

Location Benefits:
Just a 3-minute walk to supermarkets, coffee shops, restaurants (including the Brisbane Lions Club), banks, a post office, a gym, schools, healthcare services, a fuel station, and the Springwood Busway Station (directly linking to the Brisbane CBD in 20 minutes).

Easy access to major routes: 20 minutes to Brisbane CBD, 40 minutes to the Gold Coast via the Pacific Highway, and 25 minutes to Brisbane Airport.

Financial Highlights:
Expected Gross Income (SDA + MRRC + OOA Lease):
6 one-bedroom units: $663,162
8 two-bedroom units: $914,608
2 OOA apartments at $250 per week: $26,000

Total: $1,603,770

Annual Outgoings Breakdown:
Land Tax: $5,275 (based on a Current UCV for 2023-2024 of $575,000)
SDA Property Management (10%): $157,777
Insurance: $20,000
Electricity: $4,200
Maintenance: $25,000
Rates: $16,000
Water (QUU): $16,000
Fire System: $3,000

Total Outgoings: $247,252

Net Income:
Total Net Income: $1,356,518

Investment and Build Costs:

Estimated Total Cost to Build: $8,565,500

This investment represents a rare chance to participate in a high-yield project set in a rapidly developing region. The strong financial metrics and strategic location make it a compelling opportunity for investors looking to capitalize on Springwood's growth trajectory.