ID:21185280/307 Lake Orr Drive

Varsity Lakes QLD 4227

Apartment

Currently for sale - view listing

Overview

DUAL INCOME STUDENT ACCOMMODATION INVESTMENT

Two Self Contained Studios on One Title 25 Lake Orr Drive, Robina Varsity Towers High Yield Investment with Strong Rental Returns An exceptional opportunity to secure a dual key investment apartment within the highly regarded Varsity Towers student accommodation complex. Comprising two fully self contained furnished studio apartments on one title, this property delivers an impressive combined rental return of $770 per week, making it an ideal investment for those seeking strong cash flow and long term rental demand. Purpose built for student accommodation, the complex continues to enjoy consistently high occupancy due to its outstanding location within the Gold Coast's premier university precinct. Investment Highlights Combined rental income of $770 per week Two fully self-contained studio apartments Approximately 33mï¿½ each One freehold title with two separate income streams Fully furnished and ready for immediate investment Strong occupancy history Excellent cash-flow opportunity Each Studio Apartment Includes Private kitchenette Electric cooktop Microwave oven Refrigerator Sink and storage cupboards Private bathroom with shower, vanity and toilet Split system air conditioning Prepaid electricity High-speed internet access Fully furnished for student accommodation Varsity Towers Features Residents enjoy access to a range of convenient onsite facilities including: Secure building entry Lift access Professionally managed student accommodation Onsite laundry facilities Convenience store Licensed bar Secure common areas Well maintained complex designed specifically for students Outstanding Location Positioned in one of the Gold Coast's most sought after education precincts, this property offers exceptional convenience for students. Only: Approximately 5 minutes' walk to Bond University via the pedestrian bridge Close to public transport Minutes from Robina Town Centre Near cafï¿½s, restaurants and supermarkets Close to hospitals and medical facilities Short drive to world-famous Gold Coast beaches The property is ideally located for students attending: Bond University Griffith University Southern Cross University This prime location underpins the property's strong rental demand throughout the academic year. Investment Information Current Rental Income Combined Rental Return: $770 per week Approximate Annual Outgoings Council Rates & Water: Approximately $3,700 per annum Body Corporate: Approximately $180 per week Body Corporate contributions include: Building Insurance Gas Hot Water Sinking Fund Maintenance of Common Property Secure a High Performing Investment Dual key student accommodation opportunities offering two independent rental incomes on one title are tightly held and seldom available. With an established rental return of $770 per week, this property presents an outstanding opportunity to secure a proven investment in one of the Gold Coast's most consistently performing student accommodation complexes. Arrange your inspection today and discover why properties within Varsity Towers remain highly sought after by astute investors. Inspections are available by appointment only. A minimum of 48 hours' notice is required due to existing tenancies. Disclaimer In preparing this information we have used our best endeavours to ensure that the information contained herein is 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 to verify the information contained herein. ID:21185280

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 93 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:21185280/307 Lake Orr Drive, have been sold.

This represents a 24% increase in two-bedroom apartments sales when compared to the previous 12 months.

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