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2. Property Highlights

Flagship Gold Coast Suburbs Government Funded Accommodation - Going Concern Sale - Cotlew Manor, Must Be Sold

Peter Laoudikos of RWC Gold Coast is proud to present to the market 'Cotlew Manor' a community care centre in Ashmore. A freehold Government funded accommodation facility provides a lucrative and secure investment opportunity for the savvy operator seeking solid returns. Currently providing a net profit of $1,198,838.56 as of the 9th of May, 2024. We have and will provide a comprehensive NDISconsult Summary Report highlighting the potential earning if implemented which will significantly increase the net profit.

For over 40 years, family-owned Cotlew Manor has provided premier Supported Accommodation, community care and affordable accommodation options in South-East Queensland. Cotlew Manor Ashmore provides Supported Accommodation services to people with mental, intellectual and physical disabilities and the elderly.

Key features include -

• Walking distance to Gold Coast Hospital, Ashmore Plaza Shopping Centre (Woolworths anchored), Griffith University, TAFE and many friendly parks

• A rare 4,047m²* (over an acre of land) landholding positioned in Ashmore

• Net income of $1,198,838.56 as of the 9th of May, 2024. Comprehensive NDISconsult Summary Report highlighting the potential earning available for review.

• 5 standalone brick and tile buildings plus an in-ground swimming pool

• Currently operating as an assisted accommodation facility providing services to people with mental, intellectual and physical disabilities and the elderly, including the NDIS sector.

• All meals, laundry services, room cleaning and daily medicine distribution are provided on site to each participant

• A total of 60 rooms, which provide the capacity for circa 62 residents across 5 buildings

• Cotlew Manor is a registered trademark

• Less than 5km* to Southport, Broadbeach and Surfers Paradise

• A bus stop is at the front door plus onsite parking is provided

• Zoned 'Medium density residential' - Community Care Centre MCU2700319 - 2016

• Property is Land Tax EXEMPT

For sale by Tender closing 4pm Thursday 20th June 2024.

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

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3. Property Location

129 Cotlew Street, Ashmore, QLD, 4214

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129 Cotlew Street, Ashmore, QLD, 4214 Ashmore
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