Income-Producing Asset with Strategic Approved Expansion | 1 Mill Street & 40 Beavan Street, Gatton
We are pleased to present 1 Mill Street & 40 Beavan Street, Gatton, a 52-room accommodation asset delivering $718,150 p.a. (FY24–25), underpinned by a proven operational platform and a clear pathway for staged expansion.
Constructed in 2022, the core asset comprises two modern two-storey accommodation buildings totalling 1,720sqm* of building area, providing 52 rooms and generating a gross income of $718,150 p.a. and net income of $451,889 p.a. (FY24–25). Offered as a going concern, the improvements provide a stabilised and fully operational income stream, supported by consistent demand from the nearby University of Queensland Gatton campus.
Beyond the existing operation, the property benefits from a development approval for two additional buildings (1,766sqm*), enabling expansion to a total of 104 rooms. This creates a defined value-add opportunity, where purchasers can underwrite both immediate income and future uplift through a scalable and repeatable accommodation model.
The offering also includes 40 Beavan Street, a separate 732sqm* allotment improved with a three-bedroom dwelling, providing flexibility for holding income, redevelopment or integration into the broader scheme.
Positioned within Gatton’s core education precinct, the asset benefits from direct access to a stable and recurring tenant base, with limited competing purpose-built accommodation supporting strong occupancy and rental resilience.
Key Highlights
• Established 52-room accommodation asset generating $718,150 p.a. gross and $451,889 net (FY24–25)
• Constructed in 2022 with proven operational performance and stabilised income profile
• Offered as a going concern, providing immediate income continuity
• Development approval for an additional 52 rooms, enabling expansion to 104 rooms
• Existing building area of 1,720sqm* with approved expansion of 1,766sqm* (total 3,486sqm*)
• Substantial 7,376sqm* combined landholding
• Efficient two-storey building design across all stages
• 41 on-site car spaces constructed, with approval for 75 in total
• Includes additional 732sqm* allotment with 3-bedroom dwelling at 40 Beavan Street
• Direct alignment with UQ Gatton Campus, supporting consistent tenant demand
• Limited competing purpose-built accommodation within the immediate catchment
• Clear value-add opportunity through staged expansion and income growth
1 Mill Street & 40 Beavan Street, Gatton represents a rare opportunity to secure a proven, income-producing accommodation asset with immediate cashflow and a clear pathway to scale.
Underpinned by recent purpose-built improvements and a development approval for expansion to 104 rooms, the asset offers a compelling combination of stabilised income and future growth within an established education-driven market.
Closing Date for Offers on Thursday, 25 June 2026 at 4:00pm.
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