Property consultancy CBRE, on behalf of global purpose-built student accommodation (PBSA) operator Yugo, has brought a PBSA scheme in Melbourne to the market.
The Yugo Berkeley Street development opened in April 2019 and has been operational since 2020. It provides accommodation for 335 students and is currently over 97% leased, reflecting strong demand for high-quality student housing in the area.
The scheme comprises fully furnished apartments with a mix of 56% studios and 44% shared apartments. Amenities include a gym, roof terraces, study areas and lounges.
Located at 145 Berkeley Street, Yugo Berkeley Street is strategically positioned opposite the University of Melbourne’s Business & Economics and Law schools. The university is ranked 13th globally, making the location highly attractive for local students.
Additionally, the scheme benefits from the nearby Melbourne CBD, which offers a wide range of retail, leisure and entertainment facilities. With a walk score of 98 and a transit score of 100, the location provides excellent accessibility and convenience for residents.
Managed by Yugo, the scheme represents a significant opportunity for investors. It has consistently achieved strong occupancy levels and is well-positioned to capitalise on Melbourne’s reputation as a leading destination for both international and domestic students. CBRE is handling the sale and providing further details to interested parties.
