A student accommodation site of distinction, offering 1,334 beds over a 12.8 ha site area and serving one of the nation’s leading universities, has been released to market this week.

“This is an outstanding opportunity to aquire an interest in a student residences project,” Colliers Head of Capital Markets & Investment Services ACT, Matthew Winter said.

“Demand for student accommodation outstrips supply and the sale of UC-Campus West offers a rare chance to secure one of the only ready made student accommodation concessional agreements in the market.”

UC-Campus West consists six accommodation complexes. 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, post boxes, retail shop leased to Dominos, laundrette and 443 open car parks, all situated within the grounds of the University of Canberra. 

UC–Campus 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.

“Student accommodation numbers have seen a significant upswing, with a notable rise in both domestic and international students seeking housing options.” Colliers Managing Director Investment Services, Matthew Meynell said. 

“UC-Campus West is positioned to maintain high occupancy rates, ensuring steady rental income,” Colliers Executive, Investment Services and Office Leasing, Bella Kanellopoulos said. 

“The village is situated within the University of Canberra and offers a variety of room types to cater for different student preferences and budgets. The facility is managed by UniLodge, a trusted leader in student accommodation, ensuring high operational standards. 

“UC-Campus West is surrounded by bushland and a short walk from the natural beauty of Lake Ginninderra. It’s conveniently located within walking distance of Belconnen, offering easy access to shopping centres, cafes, and public transport.”

UC-Campus West is being offered for sale via by Expression of Interest.

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