Brand-new student accommodation opposite Swinburne University Hawthorn Campus

A brand new student accommodation facility in Melbourne’s prestigious Hawthorn has just been brought to market by Colliers’ Matt Stagg, Ted Dwyer and Ben Baines in conjunction with Teska Carson’s Michael Taylor and Adrian Boutsakis.

The property is offered for sale with vacant possession, making it an ideal opportunity for both owner-operators and investors, with an anticipated price circa $8 million.

Colliers’ Matt Stagg said, “The asset is positioned to capitalise on the current return of International University students in an area where there is strong tenant demand and rental income, given the record shortage of rental stock throughout Melbourne.”

The brand-new, architecturally designed student accommodation facility features a classic façade and modern two-storey extension and comprises 21 self-contained rooms, each self contained equipped with a kitchenette and bathroom.

Situated on a 768 sqm block of land, the property is also decked-out with a spacious communal lounge, laundry facilities, landscaped garden plus onsite parking.

“It is an excellent opportunity for a student accommodation owner-operator or investor to acquire a brand-new purpose-built facility, directly opposite Swinburne University Hawthorn Campus,” said Teska Carson’s Michael Taylor.

The property is located within walking distance to Glenferrie train station and trams along the vibrant Glenferrie Road with lots of retail and hospitality on offer.

2 St Columbs Street, Hawthorn, is offered for sale via an International Expressions of Interest campaign closing at 3 pm (AEST) Thursday, 30th March 2023.