Dragon Court, No.6 Eastbourne Road
Eastbourne Road 6, Hong Kong, Kowloon, 00000, HK
44 단위
159 – 179 Anzac Parade & 1 Lorne Avenue Kensington, is a high-profile university-leased student accommodation asset within 600m of the University of New South Wales (‘UNSW’) Kensington Campus.
The asset’s super-prime location offers a high exposure corner frontage within Sydney’s sought after ‘Eastern Suburbs’, providing direct access to bus & light rail transport linkages and proximity to renowned Australian beaches and the Sydney CBD.
The asset presents a blue-chip covenant to UNSW and a 13.5-year WALE. CPI-indexed annual rental increases further provide long term, defensive income security, while uncapped market reviews every 5 years (next in 2029) allow for enhanced income growth and rental reversion upside.
Additionally, the site benefits from favourable planning controls, providing scope for future height uplift and re-development (STCA).
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159-179 Anzac Parade & 1 Lorne Avenue Kensington is offered for sale via International Expressions of Interest closing Friday 4 October at 2pm (AEST).