Inner City Co-living Asset a Scarce Commodity with Multiple Income Streams

The property consists of 64 studio apartments, a retail shop and rooftop billboard income.

An exciting co-living asset in the heart of Sydney’s inner city has come to market, providing a rare completed residential building in a market starved of stock.

Offering a diverse income stream with 64 studio apartments and one retail shop below, the property at 187-191 Parramatta Road in Camperdown has a valuable rooftop billboard income and strong positioning in a key part of Sydney.

The property is exclusively listed with the Colliers team of James Cowan and Jack McGregor, in conjunction with Paul Di Mauro of Stone Commercial, with price expectations in the mid $20 millions.

“In a market starved of completed residential stock and a burgeoning residential market underpinned by net migration, the property is expected to appeal to a broad buyer group seeking to extract the entrapped value from this prime complex,” Mr Cowan said.

“Camperdown is a hotspot for university students and young professionals, making it one of the most sought-after residential and commercial areas in Sydney. The property is strategically positioned to capitalise on this demand,” Mr McGregor added.

This thriving suburb is renowned for its excellent connectivity, proximity to key institutions, and dynamic lifestyle offerings. Buyers will appreciate the scale, location and income which exceeds $1,000,000 per annum with room to improve this even further, said Paul Di Mauro of Stone Commercial.

Currently occupied by affordable housing tenants, the property is situated ideally close to many key organisations, including the University of Sydney, University of Technology Sydney and RPA Hospital.

Key infrastructure upgrades within the immediate vicinity include the Parramatta Road Urban Transformation Strategy, The Sydney Metro West, WestConnex and the Bays Precinct, all of which add to the attractive nature and future of the site.

The property is being offered for sale by way of Expressions of Interest, closing Thursday, 6 March 2025.