ID:21201308/25 Lake Orr Drive

Varsity Lakes QLD 4227

Apartment

Currently for sale - view listing

Overview

INVESTMENT OPPORTUNITY ? TWO-BEDROOM STUDENT ACCOMMODATION

Strong Rental Income in a Prime University Precinct 25 Lake Orr Drive, Robina ï¿½ Varsity Towers A Proven Investment in One of the Gold Coast's Strongest Student Rental Markets Positioned within the highly regarded Varsity Towers, this traditional two-bedroom apartment located on the Lakeside of the building with water views presents an excellent opportunity for investors seeking reliable rental income and strong ongoing tenant demand. Offering approximately 52mï¿½ of accommodation and currently returning $740 per week, this fully furnished apartment provides an attractive investment opportunity within a purpose-built student accommodation complex. Varsity Towers benefits from its exceptional location within the Gold Coast's major university precinct, with strong demand from students attending Bond University and other nearby educational institutions. Property Highlights Current rental income of $740 per week Traditional two-bedroom apartment Approximately 52mï¿½ Fully furnished Strong history of student occupancy Excellent rental demand Purpose-built student accommodation Professionally managed complex Ideal investment for investors seeking strong rental returns Apartment Features The apartment provides comfortable and practical accommodation for student tenants and includes: Two separate bedrooms Functional kitchen/kitchenette Cooktop Microwave Refrigerator Sink and storage Private bathroom with shower, vanity and toilet Split-system air conditioning High-speed internet access Fully furnished Prepaid electricity Varsity Towers Facilities Residents have access to a range of convenient on-site facilities, 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 positioned within one of the Gold Coast's premier education precincts, Varsity Towers offers excellent convenience for students and strong fundamentals for investors. The property is: Approximately 5 minutes' walk to Bond University via the pedestrian bridge Close to public transport Minutes from Robina Town Centre Conveniently located near cafï¿½s, restaurants and shopping Close to hospitals and medical facilities A short drive to the Gold Coast's renowned beaches The property's location continues to support strong rental demand from students attending Bond University, Griffith University and Southern Cross University. Investment Information Current Rental Return $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 Sinking Fund Contributions Maintenance of Common Property Invest with Confidence Two-bedroom apartments within Varsity Towers provide investors with an opportunity to secure a well-established, income-producing property in a tightly held student accommodation complex. With a current rental income of $740 per week, this apartment represents an attractive investment for buyers seeking strong rental returns, consistent student demand and a low-maintenance property in a prime Gold Coast location. Whether you're an established investor or looking to add a high-yield property to your portfolio, this apartment deserves your inspection. Arrange your private inspection today. 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 or inaccuracies that may occur. Prospective purchasers should make their own enquiries and satisfy themselves as to the accuracy of all information provided. ID:21201308