8/307-309 Old Cleveland Road, Capalaba, Qld 4157

An opportunity to acquire a specialised investment within the established Kub Unity Specialist Disability Accommodation (SDA) complex in Capalaba, featuring an existing business tenancy and a separate income stream under an Enduring Agreement.

Unit 8 is the complex’s dedicated Onsite Overnight Assistance (OOA) apartment, providing accommodation for the NDIS support provider assisting residents within the development. This offers investors an alternative to a traditional residential investment, with two distinct income components and an established purpose within the complex.

Investment Highlights

- Asking price: $615,000
- Total current gross income: $31,564 per annum
- Current NDIS support business rent: $430 per week
- Additional OOA contributions: $177 per week
- Approximate annual outgoings: $6,267
- Approximate net income: $25,297 per annum
- Approximate gross return: 5.13%
- Approximate net return: 4.11%

The Apartment

Unit 8 comprises one bedroom, one bathroom, an open-plan kitchen, living and dining area, and a private balcony.

Purpose-utilised as the OOA apartment for the Kub Unity development, the property supports the onsite assistance arrangements serving the SDA residents within the complex.

Established Business Tenancy

The apartment is currently occupied by an NDIS support business under a standard Queensland residential tenancy agreement.

The tenancy operates on a rolling 12-month basis, most recently renewed in April 2026, with the current rent negotiated between the owner and tenant at:

$430 per week | $22,360 per annum

Electricity and internet are paid directly by the tenant, helping limit the owner's ongoing expenses.

Additional Income Under an Enduring Agreement

In addition to the business tenancy, Unit 8 receives contributions from the owners of the four SDA apartments within the complex towards the provision of OOA accommodation.

Current contributions are:

$177 per week | $9,204 per annum

The contributions are governed by an Enduring Agreement dated 1 February 2022, relating specifically to the provision of OOA accommodation for the Kub Unity SDA apartments.

The agreement provides for annual increases based on the lesser of CPI or 5%, subject to its terms and applicable conditions.

The combination of rental income and contractual contributions provides a distinctive investment structure, separate from a conventional residential tenancy alone.

Approximate Annual Outgoings

- Body corporate: $2,775
- Council rates, water and sewer: $3,292
- Landlord insurance: $200
- Electricity: paid by tenant
- Internet: paid by tenant
- Property management: currently self-managed, with no management fee included
- Total stated annual outgoings: $6,267

Based on the current income and the outgoings listed above, the property generates approximately $25,297 per annum before any additional expenses, tax and finance costs. Actual returns will depend on the ongoing income arrangements, expenses and the purchaser's circumstances.

Why Consider Unit 8?

Rather than relying on a single income source, Unit 8 currently benefits from two separate income components: rent from the established NDIS support business tenant and contributions from the four SDA apartment owners under the Enduring Agreement.

The property is currently self-managed, and the tenant pays electricity and internet directly. These arrangements are reflected in the stated outgoings and should be assessed by purchasers against their own anticipated ownership and management costs.

For investors seeking exposure to a specialised property associated with the disability accommodation sector, Unit 8 offers a different proposition to purchasing a conventional SDA dwelling.

Existing Agreement & Supporting Documentation

The Enduring Agreement provides for Unit 8 to be available as OOA accommodation 24 hours a day, seven days a week, to support the SDA residents within the development.

The sale documentation provides for an incoming purchaser to assume the relevant rights and obligations of the OOA Unit Owner upon settlement, subject to the applicable documentation and terms.

Full supporting documentation is available to genuine purchasers, including the Form 2 Seller Disclosure, current tenancy agreement, Enduring Agreement, Deed of Variation and associated property documentation.

Asking Price: $615,000

A distinctive opportunity to acquire an established OOA apartment within a purpose-built SDA development, with an existing business tenant and a separate income stream under an established agreement.

Contact SDA Agents today for further information, to request the investment documentation or to arrange an inspection.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or agent as to their accuracy. Income, expenditure and return figures are approximate, based on information supplied at the time of listing, and may be subject to change. Returns are not guaranteed. Prospective purchasers should independently verify all income, expenses, tenancy arrangements and contractual rights and obligations, obtain appropriate financial and legal advice, review all relevant documentation, and satisfy themselves by inspection or otherwise before making an investment decision.