Apartment for Sale at
622 'Varsity Towers' 25 Lake Orr Drive, Robina, QLD

2 2 1

Offers Over $200,000

Contact the Agent

Priced to Sell Now!


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 beds. 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.

Studio 624 rents for $245pw Studio 622 (currently owner occupied) would rent for $245 per week in Semester 2 and $255 in Semester 1 and 3. That's $490 for the pair now and $510 for the rest of the year.

The two studios are on one title, so only one body corporate levy of approx $98 per week, this includes building insurance, sinking fund and gas hot water. Plus a special levy of $250 per quarter per lot to allow for exterior painting of the complex, replacement of windows and some rectification works.

Studio Features Include:
• Surfers Paradise skyline views.
• Complete Furniture Package Included incl. appliances, crockery and cutlery etc.
• Air conditioned.
• Full Security - Electric access cards, cameras and onsite security are in place to ensure complete protection.
• Off road parking in private road.
• 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 $98 per week.
• Council rates and water approx. $2,800 a year
• Great onsite managers.
• Great Occupancy rates for Varsity Towers of approx 90%.
• Units are in high demand
• Situated very close to Bond University.
• Units in high demand with a solid year round occupancy
• Great returns and capital growth
• Sought after location - Minutes to Burleigh Beach, easy walk or cycle to Bond University, Fitness First Gym and Varsity Tavern across the road.

Solid investment opportunity - won't last for long! Call now to arrange your inspection!

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

622 'Varsity Towers' 25 Lake Orr DriveRobina QLD 4226 AUS
-28.071337 153.419994

Agent Reviews

Jeffrey Agar

All our dealings were easy straightforward and simple to do. Nothing was a problem.

Belmont Capital Pty Ltd

She is very professional

Russell Carter

Francine is a very dedicated salesperson always with the sellers ( in our case ) needs in mind.

Kerrie McDonald

I feel she worked hard to get the sale. She got disappointed as much as we did when things fell through. I appreciated her honesty at trying to get the best deal for us

Robert- Ashmore

Thanks Francine I am very pleased with our purchase in Ashmore. I think we got in at a good price in an excellent area. Once we sort out our Vietnam domestic issues we look forward to living on the coast . I do appreciate the ​very ​professional way you handled our purchase and it was so pleasing for things to go through so smoothly Many thanks ​again ​​for all your help in this matter ​and best wishes to you ​R​obert


Professional manner and excellent service.

David & Penny Wilson- Varsity Towers

We approached three Gold Coast based agents, all of whom had sold units at Varsity Towers, regarding the sale and Francine's prompt and very thorough response was the reason that we chose to engage RWSP for the sale: all quoted similar fees and rates, RWSP was in the middle so price was not a significant determiner; all gave similar price ranges for the likely sale, so I was seduced by promises of an unrealistic sale price. The RWSP difference was that Francine was more proactive providing a CMA and a few other details without being asked. We had one contract fall through because of funding difficulties but sold to the second buyer offer. Francine kept us continually informed throughout both transactions and provided excellent support through to the final sale. In summary Francine was professional, friendly, helpful and efficient, as well as perhaps most importantly being effective. A very positive experience for us. Thank you.

David Wilson

Francine provided relevant information quickly and was very helpful

John & Gaynor

Have only had verbal contact by phone or email & very impressed with the professional approach adopted by Francine. Managed contract negotiations very effectively with several buyers on expressions of interest. Handled sensitive issue of getting our business after we were disappointed by contract negotiations direct (no agent) with a tenant/purchaser through our solicitor. We had previously had an appraisal through another Ray White agent who was keen to get our business but Francine convinced us she could achieve a better result because of her contacts & experience. This proved to be correct & we are pleased with the outcome.
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This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.