109/29 Varsity Parade, Varsity Lakes, QLD, 4227

SoldMay 25, 2023

109/29 Varsity Parade, Varsity Lakes, QLD, 4227

Amount undisclosed

126 m²

Apartment

•

30+ days on the market

Sold: May 25, 2023

What's around 109/29 Varsity Parade

Two bedroom apartment within Edgewater Residences

Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Australia's second largest school. The largest layout of apartments in the complex and features two balconies, one on the north side and one on the south side for maximum ventilation. Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station. There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from enquiring if you are looking for a comfortable apartment to live in yourself. The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room. Fibre to the home broadband internet is also available via Openetworks retailers with speeds up to 200mb/s download available. If you are an investor, please contact the on site managers for a current rental appraisal. The property is currently rented with tenants due to vacate within the next month. Relevant figures: - Body Corporate levies - $80-$85 per week on average with levies issued three times per year. - Council rates every 6 months, approximately $2,000 per year - Property will vacating 9th April 2023, and new rent will be $700 to $750 per week. You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.