Freehold Carlton Student Accommodation Delivering 10.5% Returns

ResortBrokers presents an exceptional freehold going concern in Carlton, positioned directly opposite Melbourne University and servicing one of Australia's most resilient accommodation markets. This 16-studio, 53-bed property delivers a compelling 10.5% return through a streamlined long-stay model targeting international students, with the operational flexibility to pivot toward short-stay segments as market conditions evolve. Recently upgraded throughout with smart beds, each studio features private ensuite bathrooms and fully equipped kitchenettes, creating a modern, turnkey asset requiring zero immediate capital investment. The business operates efficiently without onsite management requirements, supported by 24-hour CCTV security and a proven four-week-plus booking model that generates stable recurring income while significantly reducing operational intensity compared to traditional hostel environments. The location fundamentals are outstanding, with Melbourne University literally one minute on foot and Melbourne CBD accessible within 15 minutes via direct tram connectivity along Swanston Street. This prime education precinct positioning secures sustained demand from international students while offering strategic flexibility to capture backpacker traffic during peak tourism periods or transition toward short-stay accommodation as market cycles shift. Additional revenue streams include contractor-operated laundry facilities under a 50/50 revenue share arrangement. Offered at $5,100,000, this represents a rare opportunity for experienced accommodation operators, student housing investors, or hostel groups seeking immediate cash flow, operational simplicity, and long-term capital security within Melbourne's tightly held Carlton precinct.