66-68 Barker Street Kingsford NSW 2032

Colliers are pleased to present 66-68 Barker Street, Kingsford, a new purpose-built, high quality student accommodation complex located directly opposite the UNSW's main campus in Kensington, within walking distance to public transport and only 5 kilometres* southeast of Sydney CBD.

This ultra-defensive income producing asset has been fully occupied by students attending the University of NSW. It is further enhanced with a long-term future growth potential to capitalise on rental reversion, reconfiguration, renovate and strata-sell down catering for over 713,144 international students currently in Australia in 2024.

Key Investment Highlights:

• High quality student accommodation complex directly opposite UNSW
• Ultra-defensive income producing asset has been fully occupied by students attending UNSW since October 2017.
• 39 self-contained studio apartments, managers' residence, basement parking for 17 vehicles, communal areas, courtyards and laundry facilities.
• UNSW is a Top 20 university globally attracting over 60,000 students worldwide.
• Secure and low risk investment asset 99% occupancy rate
• Estimate fully leased market passing income - $1,030,074* per annum + GST
• Student accommodation assets are highly attractive investments due to the current housing shortage, rising rents and migration boom.
• Super prime Eastern suburbs location close to universities, schools, famous beaches and only 5 km* from Sydney CBD with easy access via train, bus & light rail services.

66-68 Barker Street, Kingsford is for sale by International Expressions of Interest closing Thursday 17 October 2024 at 3:00pm (AEDT).

*Approximately.