Portfolio of 4 NDIS Specialist Disability Accommodation assets across SEQ and Victoria up for sale

The properties consist of:

• 29 Hocking Street in Arundel (Gold Coast, Qld) – Six premium self-contained apartments +
(OOA & Sprinklers), constructed over three levels, strata titled on a freehold 589sq m site
situated within the northern Gold Coast suburb of Arundel

• 65 and 65A Queenstown Street, Boondall (Brisbane, Qld) – Two premium grade, two-bedroom houses + (OOAs & Sprinklers) & one one-bedroom villa (Sprinklers) on 2 freehold lots totalling 1,012 sqm in the northern Brisbane suburb of Boondall.

• 18 Savannah Street, Redcliffe (Moreton Bay, Qld) – One three-bedroom house + (OOA) on a freehold 607sqm site within 700m of Redcliffe Hospital.

• 491 Napier Street, White Hills (Bendigo, Victoria) – Two premium-grade 2 bedrooms, 2 residents + (OOA & Sprinklers) currently under construction and approximately 3km from the Bendigo Private Hospital.

All four properties have been built to the latest High Physical Support (HPS) design standards, include an Onsite Overnight Assistance (OOA) and incorporate the latest assistive technology.

The portfolio is well occupied with all Queensland SDA services provided by Just SDA Management, a highly regarded provider operating nationally.

They are being marketed for sale via an Expressions of Interest (EOI) campaign led by Knight Frank agents Sam Biggins and Clem Stack on behalf of a private partnership.

Mr Biggins said the properties were expected to be attract strong buyer interest during the campaign, with high demand for quality healthcare assets.

“These SDA properties are strategically positioned across inner metropolitan South East Queensland precincts and regional Victoria, and benefit from close proximity to specialist medical and allied health facilities,” he said.

“Each property also has a strong SDA partner in Just SDA Management, which is one of Australia’s leading SDA accommodation services nationwide.

“With strong fundamentals in place and an estimated fully leased portfolio net income of $1,365,400, this portfolio offers a strong investment opportunity

“Investors are on the lookout for solid healthcare assets to diversify their portfolios, and we expect the properties in this portfolio to generate strong interest.”

Mr Stack added: “Each of these developments has been completed in the past two years, with highquality construction featuring modern finishes, sprinklers and considered detailing, tailored for current consumer needs.

“This portfolio fits the flight to quality mandate of investors seeking deployment into the sector, in particular through partnerships with reputable developers to grow pipeline. The market still has further room for absorption with only approximately 75% of the overall committed SDA funding allocated in support packages

“The recent construction means there are also significant depreciation benefits available to investors.”

The EOI campaign for the portfolio of four assets will close at 3pm (AEST) on Thursday, March 19.