PerryCooper Property is proud to present 16/8 Varsity View Court, Sippy Downs, a rare high-yield investment opportunity in the tightly held Varsity Complex. Just a short 5-minute walk from the University of the Sunshine Coast, this four-bedroom, four-bathroom apartment is designed for student living and already has four tenants in place. Each room is leased separately, creating diversified income streams and reduced vacancy risk. With three tenants paying $252 per week and one tenant paying $245 per week, the property generates approximately $1,001 per week or $52,000 annually, delivering an outstanding 11.6% gross yield based on a $450,000 purchase price.
The Varsity Complex is highly sought after by students, offering a lifestyle of convenience, community, and resort-style facilities. Purpose-built for student accommodation, it provides peace of mind for investors with onsite management, consistently low vacancy rates, and strong rental demand from both domestic and international students. This is a set-and-forget opportunity that combines location, lifestyle appeal, and strong financial performance.
• Four self-contained bedrooms, each with private ensuite, built-in robe, fan & lockable door
• Fully tenanted: 3x at $252/week & 1x at $245/week (approx. $52,000 p.a. gross)
• Each room rented separately – reduces vacancy risk & maximises returns
• Approx. 11.6% gross yield at $450,000 purchase price
• Fully furnished with shared kitchen & open-plan living/dining
• Private balcony plus single car space for added tenant appeal
• Resort-style facilities: 2x pools, tennis & basketball courts, games room & gym
• Secure gated complex with professional onsite management
• 5-minute walk to Sunshine Coast University, shops, cafes & transport
• Consistently high rental demand with historically low vacancy rates
