The opportunity comprises a Purpose Built Student Accommodation building completed in March 2014, comprising 3 split floors (6 half floors) with basement car parking. The internal layout includes 64 studios and 10 shared apartments, common rooms, an internal laundry, all linked by a central lift and stairwell. The Dayman Apartments are in close proximity to the Macquarie University campus and has a track record showing a strong appeal to international students. The University has a sizeable international student contingent with 8,641 attending courses in 2017.
A Management Agreement is in place with the Macquarie University, with flexibility to continue this arrangement (subject to agreement with Macquarie University), or for the owner to terminate. The gross income for the financial year 2016 -2017 was $1.349 million*, with net income being $1.113 million*.
The freehold is offered for sale via expressions of interest closing 4pm Thursday, 7th September 2017.