15-19 Regent St, Woolloongabba, QLD 4102

Hotel/Leisure | Development/Land | Retail

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  • Property ID: 325318
  • Floor Area: 1518m²
  • Land Area: 1518m²
  • Occupancy: Vacant
An educated investment

15– 19 Regent Street, Woolloongabba is a rare opportunity to acquire an operational purpose-built student accommodation asset in one of the most highly sought after real estate sectors in Australia.
• A modern 309-bed purpose built facility comprising a mix of studios (49.5%), twin share (14.9%) and 5-bed clusters (35.6%) with scope to increase the bed count to 373 through undertaking 64 studio room conversions (to twin share) if desired.
• Commenced operation in July 2016 with peak occupancy of 98% in 2018 and an annual average occupancy of 77%. The average annual forecast occupancy is expected to increase to 87% in 2019 and stabilise at 95% in 2021.
• The facility experiences a high reapplication rate of 33% of total beds.
• Forecast 2019 net income of $1,900,000 approx. and stabilised income of $2,570,000 approx. (forecast).
• Includes up to 76 car spaces providing opportunity for additional income streams.
• Atira have a University of Queensland approved supplier agreement for Student Accommodation until 2020.
• Recent student survey conducted reveals 97.5% of residents note that their time at Atira meets or exceeds their expectations.
• Operations underpinned through a management agreement to one of the most experienced and highly regarded operators in the market – Atira Student Living – or available with vacant possession.
Significant value-add opportunity to continue with occupancy stabilisation and derive a substantial yield premium over core sector real estate returns. Alternatively, the opportunity exists for repositioning of the asset for tourism or residential use (STCA).

Woolloongabba Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $3806 $306 8.04%
Industrial $2112 $190 8.98%
Retail $4709 $405 8.61%
This is the average advertised price, rent and yield for Woolloongabba, QLD 4102*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

JLL - Melbourne

Level 21, Bourke Place, 600 Bourke Street, Melbourne, VIC 3000

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Fenero - Bespoke Finance
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 15-19 Regent St, Woolloongabba, QLD 4102. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 15-19 Regent St, Woolloongabba, QLD 4102. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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