159-171 Anzac Parade, Kensington, NSW 2033

159 – 179 Anzac Parade & 1 Lorne Avenue Kensington, is a high-profile university-leased student accommodation asset within 600m of the University of New South Wales (‘UNSW’) Kensington Campus.

The asset’s super-prime location offers a high exposure corner frontage within Sydney’s sought after ‘Eastern Suburbs’, providing direct access to bus & light rail transport linkages and proximity to renowned Australian beaches and the Sydney CBD.
 
The asset presents a blue-chip covenant to UNSW and a 13.5-year WALE. CPI-indexed annual rental increases further provide long term, defensive income security, while uncapped market reviews every 5 years (next in 2029) allow for enhanced income growth and rental reversion upside.

Additionally, the site benefits from favourable planning controls, providing scope for future height uplift and re-development (STCA).


•Prime opportunity to acquire a university-leased student accommodation anchored asset within 600m of the UNSW Kensington Campus
•UNSW, ranked equal 19 th in the 2024 QS World University Rankings, accommodates over 65,000 students annually from 130+ countries
•Located in one of Australia’s most premium residential locations, with existing market rental reversion and 5-yearly market reviews providing a clear pathway to income growth
•Sydney is projected to face an annual shortfall of 2,100* PBSA beds over the next five years, underpinning future growth in student accommodation bed rates

*approximately

159-179 Anzac Parade & 1 Lorne Avenue Kensington is offered for sale via International Expressions of Interest closing Friday 4 October at 2pm (AEST).