UC - Campus West Cooinda Street Bruce ACT 2617

Colliers are pleased to present the opportunity to acquire UC - Campus West, Canberra ACT. A substantial on-campus student accommodation project offering 1,334 beds over a 12.8 ha site area*.

UCCampus West consists of six accommodation complexes, each varying in age, design, construction, and condition. It offers 207 apartments along with common areas for kitchen and bathroom amenities, lounge spaces, and various indoor and outdoor recreational facilities. Additionally, there is an onsite administration building, retail shop leased to Dominos, post boxes, laundrette and 443 open car parks, all situated within the grounds of the University of Canberra.

UCCampus West is currently owned by KMSAC Pty Limited and operated by UniLodge Australia Pty Limited (UniLodge) under a 30-year concession agreement which was acquired from the University of Canberra in January 2008 and expires on 24 January 2038. This opportunity provides a purchaser with a long-term secure income stream and avenues to explore refurbishment of the existing accommodation or development of new accommodation.

This is a rare chance to secure one of the only ready made student accommodation concessional agreements in the market. As one of the most in-demand sectors worldwide, the supply is scarce across Australia, especially within the ACT.

UC-Campus West is being offered for sale by Expression of Interest (EOI) closing Tuesday, 19th November 2024 at 3pm.

For further information please contact the exclusive listing agents, Colliers.

*Approx, all outlines are indicative only.