159-171 Anzac Parade,
Kensington, NSW 2033
Other • Development Sites & Land
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Map of 159-171 Anzac Parade
Train stations within 5 km of 159-171 Anzac Parade, Kensington, NSW 2033 Distance Green Square Train Station 2 km Waterloo Station 2.8 km Redfern Station 3.3 km Bondi Junction Station 3.3 km Mascot Station 3.5 km POWERED BY HERE ©Tram stops within 5 km of 159-171 Anzac Parade, Kensington, NSW 2033 Distance Surry Hills Light Train Station 2.9 km Central Chalmers Street 3.5 km Central Station Light Rail 3.7 km Capitol Square Light Rail Station 4 km Paddy's Markets Light Rail Station 4.1 km POWERED BY HERE ©Bus stops within 5 km of 159-171 Anzac Parade, Kensington, NSW 2033 Distance Anzac Pde Before Addison St 79 m Anzac Pde at Doncaster Av 118 m Anzac Pde After Darling St 124 m Our Lady of the Rosary Primary School, Kensington Rd 225 m Todman Av After Anzac Pde 273 m POWERED BY HERE ©
POWERED BY HERE ©
High-profile university-leased student accommodation
- Blue-chip covenant to UNSW
- 13.5-year WALE
- Defensive income security
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).
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).
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Property ID: 504672832Last Updated: 2 Dec 2024
159-171 Anzac Parade
Kensington, NSW 2033
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