A sought-after investment in Canberra's north has come to market, offering more than a decade of income to the next buyers.
Campus West, on Cooinda Street in Bruce, houses more than 1300 University of Canberra Students across a 12-hectare site.
It includes six accommodation complexes, of varying ages and design, along with a laundrette, retail area and post boxes.
There are 207 apartments in total, with common areas and recreation hubs throughout.
Colliers head of capital markets Matthew Winter, who is selling the project, said it was a "rare chance to secure one of the limited ready-made student accommodation properties available in the market".
"As one of the most in-demand sectors worldwide, the supply is scarce across Australia, especially within the ACT," he said.
"There are different avenues available for value enhancement including refurbishment of the existing accommodation or development of newer accommodation."
Campus West is currently owned by KMSAC Pty Limited and operated by UniLodge under a 30-year concession agreement, which was acquired from the University of Canberra.
The agreement began in 2008 and runs until 2038, giving the new buyer a guaranteed income from the investment.
"The village offers a variety of room types catering to different student preferences and budgets which aids with steady rental income," Mr Winter said.
The "under-supplied" market was an opportunity for a keen investor to consider the next chapter of the University of Canberra's on-site accommodation, he said.
Mr Winter expected a Canberra-based or national group to secure the project, however he did anticipate some offshore enquiry.
Expressions of interest are open until 3pm on November 19.
