ID:21185165/25 Lake Orr Drive

Varsity Lakes QLD 4227

Apartment

Currently for sale - view listing

Overview

INVESTMENT OPPORTUNITY DUAL KEY STUDENT ACCOMMODATION

Secure Two Income Streams from One Investment 25 Lake Orr Drive, Robina Varsity Towers A Proven Investment in One of the Gold Coast's Strongest Student Rental Markets Positioned within the highly regarded Varsity Towers, this purpose built student accommodation apartment presents an exceptional opportunity for investors seeking reliable rental income and long term demand. Comprising two fully self-contained furnished studio apartments on a single title, this dual key investment currently generates a combined rental return of $740 per week, delivering an attractive income stream with the convenience of professional on-site management. Purpose-built for student accommodation, Varsity Towers continues to experience consistently high occupancy thanks to its prime location within the Gold Coast's major university precinct. Property Highlights Combined rental income of $740 per week Two fully self-contained studio apartments Approximately 33mï¿½ each Dual key configuration on one freehold title Fully furnished and investment ready Strong tenant demand throughout the year Excellent opportunity for investors seeking positive cash flow Each Studio Apartment Features Functional kitchenette with cooktop, microwave, refrigerator and sink Private bathroom with shower, vanity and toilet Split-system air conditioning Prepaid electricity High-speed internet connection Quality furnishings included Designed specifically for student living Varsity Towers Facilities Residents enjoy access to a range of convenient on site amenities including: Secure building entry Lift access to all levels Professionally managed accommodation complex On-site laundry facilities Convenience store Licensed bar Secure common areas Purpose built student accommodation environment Outstanding Location Ideally situated within one of the Gold Coast's premier education precincts. Only: Approximately 5 minutes walk to Bond University via the pedestrian bridge Close to public transport Minutes to Robina Town Centre Convenient access to cafes, restaurants and shopping Close to hospitals and medical facilities Short drive to the Gold Coast's renowned beaches Students from Bond University, Griffith University and Southern Cross University continue to provide strong year-round rental demand, making this an attractive and dependable investment. Investment Information Current Rental Return Combined Rental Income: $740 per week Approximate Annual Outgoings Council Rates & Water: Approximately $3,700 per annum Body Corporate: Approximately $180 per week Body Corporate includes: Building Insurance Gas Hot Water Sinking Fund Contributions Maintenance of Common Property Investment Benefits Invest with Confidence Dual key apartments within Varsity Towers are tightly held and rarely offered for sale. Providing two independent rental incomes from one title, this property offers investors an excellent opportunity to secure a proven, income producing asset in one of the Gold Coast's most sought after student accommodation complexes. Arrange your private inspection today and discover the benefits of investing in this high-performing student accommodation property. Inspections are by appointment only. A minimum of 48 hours' notice is required to accommodate existing tenants. Disclaimer In preparing this information, we have used our best endeavours to ensure the details contained herein are true and accurate. However, we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries and satisfy themselves as to the accuracy of the information provided. ID:21185165

Features

2 bedrooms

2 bathrooms

Apartment

Happy sellers in Varsity Lakes

92%

92% of sellers in Varsity Lakes reported that their sale price either exceeded or met their price expectations.

Varsity Lakes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 92 reviews in Varsity Lakes over the last 12 months.

Local market activity for 2 bedroom apartments in Varsity Lakes

In the last 12 months, 62 two-bedroom apartments similar to ID:21185165/25 Lake Orr Drive, have been sold.

This represents a 8% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

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For Rent

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