FOR SALE
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129 Cotlew Street
Ashmore QLD 4214

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 1862m2
Land area: 4047m2
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Prized Ashmore Government Funded Accommodation - Back On The Market And Must Be Sold

RWC Gold Coast proudly presents 'Cotlew Manor,' a community care center in Ashmore, now available for acquisition. For over 40 years, the family-owned Cotlew Manor has been a premier provider of Specialist Disability Accommodation, community care, and affordable housing in South-East Queensland. Cotlew Manor Ashmore serves individuals with mental, intellectual, and physical disabilities, as well as the elderly. This unique opportunity allows for the continuation of current operations or repurposing for specific SDA, Respite, Aged Care, or other healthcare-related uses.
This freehold, government-assisted living facility offers a secure investment opportunity, ideal for savvy operators seeking solid returns. As of the end of June 2024, the facility has generated an estimated net profit of $1,200,000* (final figures are currently with the accountant). An independent, comprehensive NDIS consultant summary report will be provided, highlighting potential earnings and opportunities to significantly enhance net income.
Key Features:
• Underlying land area of 4,047m²* (over an acre) of land in Ashmore
• Facilities include 5 standalone brick buildings, an in-ground swimming pool, and comprehensive on-site services including meals, laundry, room cleaning, and daily medicine distribution
• 60 rooms across five buildings, accommodating up to 62 residents
• Convenient Access - less than 5km* to Southport, Broadbeach, and Surfers Paradise, with a bus stop at the front door and on-site parking available
• Prime Location offering close proximity to distance to GCUH and Pindara Private, Benowa and Southport Medical Precincts, Ashmore Plaza Shopping Centre (anchored by Woolworths), Griffith University, TAFE, and several parks
• Zoned 'Medium density residential' - Community Care Centre MCU2700319 - 2016.
• Property is land tax exempt
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Property Details for 129 Cotlew St, Ashmore

Building Type
Commercial
Floor Size
1862m2
Land Size
4047m2

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About Ashmore 4214

The size of Ashmore is approximately 6.8 square kilometres. It has 27 parks covering nearly 9.6% of total area. The population of Ashmore in 2011 was 11,586 people. By 2016 the population was 11,875 showing a population growth of 2.5% in the area during that time. The predominant age group in Ashmore is 40-49 years. Households in Ashmore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashmore work in a professional occupation. In 2011, 69.1% of the homes in Ashmore were owner-occupied compared with 68.2% in 2016.

Ashmore has 5,538 properties. Over the last 5 years, Houses in Ashmore have seen a 91.39% increase in median value, while Units have seen a 89.33% increase. As at 30 September 2024:

  • The median value for Houses in Ashmore is $1,174,444 while the median value for Units is $603,747.
  • Houses have a median rent of $800 while Units have a median rent of $720.
There are currently 50 properties listed for sale, and 11 properties listed for rent in Ashmore on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Ashmore.

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Luke Boulden
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RWC Gold Coast
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