19 Urunga Parade, Miranda, NSW 2228

CPG is proud to present for sale via Expressions of Interest: 19 Urunga Parade, Miranda a recently constructed 36 studio living building + 1 Retail Premises. Positioned in the heart of Miranda adjacent to Westfield Shopping Centre and Miranda Train Station, this bespoke co living/boarding house with an integrated retail component (leased separately to hair and beauty salon) represents an exceptional turnkey investment opportunity for the seasoned investor. Purpose-built in 2022 as a build to rent, the property combines modern design, quality finishes, and strong existing occupancy, well operated making it ideal for investors seeking a secure, income-generating asset in a thriving urban location. All studios are fully furnished to a high standard.

Currently boasting an average 96% occupancy rate during FY25 and delivering total revenues of circa $1,000,000.00 per annum throughout FY25, the property demonstrates robust rental demand and minimal vacancy. Each of the self-contained and fully furnished rooms is individually occupied, ensuring reliable and streamlined revenue flow. The addition of a ground-floor retail tenancy with two car spaces (hair and beauty) enhances the income profile while benefiting from prominent street frontage and steady pedestrian traffic along Urunga Parade. The building also provides a basement car parking for 19 vehicles via car lift.

he property occupies a land area of 614m²* in the heart of Miranda’s commercial and residential precinct, benefiting from its close proximity to a thriving retail and transport hub. Positioned just steps from Westfield Miranda, major public transport links, medical facilities, and lifestyle amenities, it offers exceptional convenience for occupants and tenants along with long-term appeal for investors.

Features Include:
- Purpose-built boarding house/Co Living with modern finishes (circa 2022)
- 6 storey building plus two basement levels
- 96% average occupancy rate recorded throughout FY25 with individually occupied fully furnished self-contained studios
- Annual rental revenue potential circa $1,100,000.00 per annum (subject to 100% occupancy)*
- Ground-floor retail tenancy providing additional income and diversity with two allocated car spaces
- Communal indoor and outdoor areas for occupants
- Lift access to all levels, studios with balconies
- Significant deprecation schedule benefits available
- Basement parking for up to 19 vehicles plus bike parking
- Built to a high standard and designed by renown architectural firm Vic Lake Architects
- High rental demand driven by location, amenity and high level presentation
- Central Miranda position, metres from retail, dining, and public transport

This is a rare opportunity to secure a high-yielding, well constructed and exceptional value proposition well-located investment in one of Southern Sydney’s most active urban and commercial precincts.

Inspections:
By Private Appointment

Expressions of Interest Closing:
Thursday 11th September 2025 at 5pm (AEST)

For more information or to arrange an inspection contact Exclusive Selling Agents. Information Memorandum, Contract of sale along with access to data room will be provided to those registered enquiries.

Hayden Bennett
0477 665 455

Damen Astey
0431 817 616

Ryan McMahon
0429 228 460

*Approximate