4 Pembroke Street, 50-52 Gatton Street, 92 Martyn Street,
Parramatta Park, QLD 4870
Other • Hotel, Motel & Leisure • Development Sites & Land
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Private inspections
to arrange a private inspection.
Savills - Sydney CBD
Level 25, 1 Farrer PlaceSYDNEY, NSW 2000
4 Pembroke Street, 50-52 Gatton Street, 92 Martyn Street
Parramatta Park, QLD 4870
Map
High Profile Residential Portfolio
- Modern 131-bed ensuite accommodation
- Forecast CY2024 Gross Income of $2.03m
- CBD location, close to Universities
MiHaven Living, Cairns, Queensland
Savills are pleased to exclusively present an opportunity to acquire a 100% interest in the MiHaven Living Property Portfolio, three fully leased inner-city premium shared accommodation assets in Cairns.
- Modern 131-bed ensuite accommodation portfolio, providing immediate scale, and below replacement cost.
- Recently developed properties, opening in 2018 and 2019 by MiHaven Living.
- Strong operational performance with forecast CY2024 Gross Income of $2.03 million. Offered with or without an operator in place.
- Ability to operate as student accommodation, coliving, corporate stays or as short-term rental units.
- All rooms are fully furnished, with air-conditioning, complemented by spacious indoor tv lounge, dining and outdoor communal areas, including a BBQ area.
- Secure modern properties, with CCTV throughout and swipe card access to buildings and rooms.
- Laundry facilities, bike racks, and car parking add to tenant experience.
- Central CBD locations providing access to world class amenities, public transport, and all within a short walking distance to CQ University, James Cook University, business colleges and language schools.
- Exceptional rental growth potential with Cairns vacancy at 0.6%, limited new housing supply, and apartment rents tracking at 18% YoY.
- Cairns is the #1 Study Tourism destination in Queensland with universities ranked in the top 2% globally.
- 32,000 international students visit the region per annum, 2,000 additional student accommodation beds required to match demand.
Savills are pleased to exclusively present an opportunity to acquire a 100% interest in the MiHaven Living Property Portfolio, three fully leased inner-city premium shared accommodation assets in Cairns.
- Modern 131-bed ensuite accommodation portfolio, providing immediate scale, and below replacement cost.
- Recently developed properties, opening in 2018 and 2019 by MiHaven Living.
- Strong operational performance with forecast CY2024 Gross Income of $2.03 million. Offered with or without an operator in place.
- Ability to operate as student accommodation, coliving, corporate stays or as short-term rental units.
- All rooms are fully furnished, with air-conditioning, complemented by spacious indoor tv lounge, dining and outdoor communal areas, including a BBQ area.
- Secure modern properties, with CCTV throughout and swipe card access to buildings and rooms.
- Laundry facilities, bike racks, and car parking add to tenant experience.
- Central CBD locations providing access to world class amenities, public transport, and all within a short walking distance to CQ University, James Cook University, business colleges and language schools.
- Exceptional rental growth potential with Cairns vacancy at 0.6%, limited new housing supply, and apartment rents tracking at 18% YoY.
- Cairns is the #1 Study Tourism destination in Queensland with universities ranked in the top 2% globally.
- 32,000 international students visit the region per annum, 2,000 additional student accommodation beds required to match demand.
Property ID: 504555772Last Updated: 1 Apr 2024
Savills - Sydney CBDLevel 25, 1 Farrer Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.