A rare offering in the evolving disability accommodation sector, 6 Pimmys Court in Skye, Victoria, is poised to become a benchmark for the next wave of NDIS-funded housing.
Listed by Burgess Rawson from CBRE’s Raoul Holderhead and Sam Mercuri, the freehold investment presents a new level of certainty and design quality in the market, backed by secure income and an established operator.
The impressive 342-square-metre facility, designed by award-winning local firm Pandolfini Architects, exemplifies premium design and functionality.
The property comprises three newly built Specialist Disability Accommodation (SDA) villas, purpose-designed to High Physical Support standards and leased to Speck Group, a registered NDIS provider and contributing member of the SDA Alliance.
With 31 completed projects and more in planning, Speck Group brings both operational expertise and a deeply personal connection to its work.
Located just 220 metres from Carrum Downs Plaza and 240 metres from The Pines Flora and Fauna Reserve, the site benefits from a strategic southeast Melbourne position within the City of Frankston, a municipality where disability support needs are higher than the state average.
Mr Mercuri said, “NDIS investments to date have required a leap of faith from buyers, but this one is different. It’s fully funded, completed to a premium standard, and underpinned by a 10-year net lease with two additional five-year options. That’s a much stronger commitment than we typically see in this asset class.”
The head lease, which extends to 2045 with annual CPI reviews, includes the added benefit of land tax exemption and tenant-paid outgoings, a rarity among residential-style assets. Net income is set at $175,000 per annum, offering a higher yield than comparable residential properties.
Mr Holderhead said, “This is the kind of long-term, secure cash flow that private investors are actively chasing. With the federal government allocating more than $42 billion annually to the NDIS and bolstering that with a further $468.7 million in the recent Budget, the policy and funding environment is exceptionally strong.”
Backed by a strong lease covenant, essential service classification and nearly $1.43 million in potential depreciation over the asset’s life, this Skye investment is more than just another SDA listing; it’s a flagship for how NDIS housing can offer secure, government-backed returns through long-term property investment.
The asset is for sale via the Burgess Rawson from CBRE Investment Portfolio Auction 178 commencing 10:30am (AEST) Wednesday 6 August 2025 Garden Room, Crown Casino, Melbourne.
It is expected to sell in the $2.65 million to $2.75 million range, reflecting yields of 6.6% to 6.36%.
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