“We saw a genuine opportunity to create a high-quality SDA development that combines thoughtful design, accessibility and long-term functionality, in a location that provides participants with convenient access to essential services and everyday amenities.” – Vendor
Submission of Offers Closing: Wednesday, 16th September 2026 at 12.00pm
This level and accessible site at 315 Sandgate Road, Shortland, presents an outstanding opportunity to develop a purpose-designed Specialist Disability Accommodation (SDA) property.
The proposed development provides a carefully considered participant mix, with HPS-capable accommodation and a dedicated OOA (Onsite Overnight Assistance) unit. The development strategy is designed to support efficient lease-up while retaining the potential for HPS upside.
SDA Development:
- Six participant units comprising of two one-bedroom HPS units, two one-bedroom fully accessible units and one two-bedroom fully accessible and improved liveability (or guest) unit.
Dedicated OOA unit providing additional on-site support accommodation.
- FA-led, HPS-capable participant mix designed to support efficient lease-up while retaining HPS upside.
- Indicative Year 1 gross operating revenue of approximately $534,599.
- Projected net operating revenue of approximately $411,641 in Year 1, increasing to $455,882 in Year 2 and $469,558 in Year 3, based on assumed 3% annual revenue escalation.
- Enlarge Living may be appointed as SDA provider and property manager under a separate agreement at a proposed 15% management fee, with purchasers retaining the flexibility to appoint their preferred provider and manager.
Indicative Development Returns:
- Indicative net investment returns of 11.84% in Year 1, 13.11% in Year 2 and 13.51% in Year 3.
- Under a 10% higher construction-cost scenario, indicative net returns remain at approximately 11.17% in Year 1, 12.37% in Year 2 and 12.74% in Year 3.
Location and Amenities:
- Conveniently positioned close to major healthcare and education precincts including John Hunter Hospital, Hunter Valley Private Hospital and the University of Newcastle.
- Shortland Shopping Village and Jesmond Shopping Centre provide convenient access to everyday shopping, services, dining and essential amenities.
- Shortland Primary School, Shortland Waters Golf Course and Tuxford Park are also nearby, providing access to local education, recreation and open space.
- Public transport is readily accessible, with nearby bus services providing connectivity to surrounding suburbs, shopping centres, healthcare and education precincts.
