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Colliers is pleased to present the opportunity to acquire an approved Co-Living development at 495 Wynnum Road, Morningside, available for sale via Expressions of Interest.
Strategically positioned in Brisbane’s inner eastern suburbs, this offering allows income generation from 2027 via an innovative hybrid construction method. Enhanced income certainty is reinforced by an Operations Agreement being already in place with Australia’s most experienced Co-Living Operator (UKO). UKO Morningside is available to be acquired via a flexible development partnership model or alternative arrangement.
Vendor is highly solution-focused and committed to working with the purchaser to ensure delivery via the preferred acquisition structure.
The key highlights include:
• Development approval for 121 Co-Living studios in a 7 level building
• Fundamentally strong rental market conditions in Brisbane and drivers supporting a very robust outlook
• Strategic Inner East location adjacent to high value Bulimba / Balmoral submarkets with usual retail and residential amenities nearby and conveniently accessible
• Directly adjacent to recently upgraded Morningside Station providing 20 minute direct commute to Brisbane
Remember to mention you found this property on DevelopmentReady
Colliers is pleased to present the opportunity to acquire an approved Co-Living development at 495 Wynnum Road, Morningside, available for sale via Expressions of Interest.
Strategically positioned in Brisbane’s inner eastern suburbs, this offering allows income generation from 2027 via an innovative hybrid construction method. Enhanced income certainty is reinforced by an Operations Agreement being already in place with Australia’s most experienced Co-Living Operator (UKO). UKO Morningside is available to be acquired via a flexible development partnership model or alternative arrangement.
Vendor is highly solution-focused and committed to working with the purchaser to ensure delivery via the preferred acquisition structure.
The key highlights include:
• Development approval for 121 Co-Living studios in a 7 level building
• Fundamentally strong rental market conditions in Brisbane and drivers supporting a very robust outlook
• Strategic Inner East location adjacent to high value Bulimba / Balmoral submarkets with usual retail and residential amenities nearby and conveniently accessible
• Directly adjacent to recently upgraded Morningside Station providing 20 minute direct commute to Brisbane
Remember to mention you found this property on DevelopmentReady
