Sell with Confidence
Read More
Sold
Apartment

322 and 324/25 'Varsity Towers' Lake Orr Drive Robina, QLD 4226

Sold for $195,000 on 23 Dec 2016
  • 2 Beds
  • 2 Baths
  • 1 Car
Agents

Sold By

  • Loading...
322 and 324/25 'Varsity Towers' Lake Orr Drive, Robina, QLD 4226

Apartment in Robina

COLLAPSED CONTRACT. MUST SELL!

  • 2 Beds
  • 2 Baths
  • 1 Car

2 X 3rd FLOOR STUDIOS. LOOKING TO INVEST NEAR BOND UNIVERSITY?

2 Studios - One Title - Two Rents - Only 1 Body Corp Fee. Priced to Sell!

Purpose built student accommodation near Bond University. These studios are situated on the 6th floor on the city side at the northern end and have great views of Lake Wonderland and the Surfers Paradise skyline. This pair of bright and spacious studios come fully furnished and has the upgrade of both studios having double. This adds the potential to increase your rent by up to $10 per studio per week beds if rented to a couple. Your investment is ready to go immediately.

Returning $470 per week ($235 per studio).
They are both on one title, so only one body corporate levy of approx $86 per week, this includes building insurance, sinking fund and gas hot water. Plus a special levy for 1 year only of $250 per quarter per lot to allow for exterior painting of the complex, replacement of windows and some rectification works this levy should finish in February 2017.

Studio Features Include:

  • Surfers Paradise skyline views.
  • A complete Furniture Package Included - appliances, crockery and cutlery.
  • Air conditioned.
  • Full Security - Electric access cards, cameras and onsite security are in place to ensure complete protection.
  • Off road parking.
  • Access to high speed internet and cable TV.
  • Licensed bar and recreation room for exclusive use of tenants.
  • On-site laundry.
  • Total approx. 66 m2.
  • Body corporate approximately $86 per week.
  • Council rates and water approx. $2,800 a year
  • Great onsite managers.
  • Average annual Occupancy rates for Varsity Towers of around 90%.
  • Units are in high demand
  • Situated along side Bond University.
  • Sought after location - Minutes to Burleigh Beach, a short walk or cycle to Bond University, Fitness First Gym and Varsity Tavern across the road.

Solid investment opportunity - won't last for long!

Features:
  • Air Conditioning
  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Secure Parking
Parking:

1 garage space

Bedrooms:

2

Bathrooms:

2