Project Alderwood

Overview

Our client acquired this site as a 2-lot subdivision with an existing residential house. We transformed the property into a dynamic residential project that maximises land use to deliver a premium tenant experience.

The development resulted in two modern dwellings, each comprising five micro-apartments, totalling 10 individual living spaces. Each micro-apartment is designed with six distinct zones: an outdoor area (balcony or courtyard), living area, dining area, kitchenette, double bedroom, and ensuite bathroom. The apartments range from 28 to 34 m², offering compact yet functional living spaces that cater to young professionals and tenants aged 55+.

Main Features

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SMART LIVING:

Each micro-apartment is equipped with smart locks for coded access, offering security and convenience.

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ALL-INCLUSIVE:

Tenants enjoy an all-inclusive rent that covers utilities, including 1GB speed internet via a private Wi-Fi network and electricity, thanks to solar panels installed on the roof.

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FURNISHED CONVENIENCE:

The apartments come fully furnished, allowing tenants to move in with just a suitcase and bedding.

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OCCUPANCY SUCCESS:

Since completion, the project has maintained full occupancy, demonstrating strong demand and tenant satisfaction.

Project Snapshot

LOCATION

Acacia Ridge, QLD

TYPE

Residential Co Living

COMPLETION DATE

May 2024

MARKET VALUE

$8m

ANNUAL RENTAL INCOME

$207k

TENANCY RATE

100%

SIZE

680m² land with 10 residential tenancies across 2 dwellings.

Commercial Summary

Return on Investment (ROI)

28%

Funding Structure

70% LVR

Exit Strategy

Long-term hold

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Development Details

PROJECT TEAM:

Town planners, Architects, Builders, Civil Engineers, Private Lender

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TIMELINE:

15 months

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SUSTAINABILITY FEATURES:

30 KW Solar, Smart Keylocks.

LOCATION HIGHLIGHTS

Close to Major commercial centre, amenities, travel links, Tafe.
6 car parking spaces available to tenants, adding convenience and value.
This project is strategically located near key amenities, making it highly attractive to tenants seeking convenience and comfort in their living arrangements

// Testimonials

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Words

"Downsizing to this micro-apartment was one of the best decisions I’ve ever made. After my kids moved out and my partner passed away, my large house felt too empty. I was considering selling it, but instead,I decided to rent it out to a family and move here. The cashflow from renting my house has been a game-changer, giving me financial security that my pension wasn’t providing. The apartment is the perfect size for me, and I love having my own space with everything taken care of. It’s a fresh start, and I’m so gladI made the move."

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— MARGARET H., 63, RETIREE

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"I recently got a new job and needed to move closer to work. I was living in one of the micro-apartments north of Brisbane CBD and loved it, so I was a bit worried about finding a new place. But when I notified the property manager that I was vacating, they told me about another micro-apartment available in the south of Brisbane, right near my new job. The whole process was incredibly easy—I packed up my suitcase, drove 40 minutes, and unpacked in almost the same familiar design. It couldn’t have been more convenient, and it made the transition to my new job so much smoother. I really appreciate how hassle-free the move was."

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— CHRIS J., 31, FINANCIAL ANALYST

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"Living here has been a game-changer for me. The convenience of having all my bills included, along with super-fast internet, means I can focus on my work without worrying about extra costs. The apartment is cozy, and the smart lock system adds an extra layer of security. I moved in with just my suitcase, and everything was ready for me. It's the perfect place for a young professional like me!"

— SARAH L., 28, MARKETING CONSULTANT

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// Testimonials

Kind

Words

"Downsizing to this micro-apartment was one of the best decisions I’ve ever made. After my kids moved out and my partner passed away, my large house felt too empty. I was considering selling it, but instead,I decided to rent it out to a family and move here. The cashflow from renting my house has been a game-changer, giving me financial security that my pension wasn’t providing. The apartment is the perfect size for me, and I love having my own space with everything taken care of. It’s a fresh start, and I’m so gladI made the move."

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— MARGARET H., 63, RETIREE

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