DUAL KEY APARTMENT, FANTASTIC INVESTMENT, GREAT RETURN.

$260,000

Apartment real estate, Robina QLD

STUDENT ACCOMMODATION ONLY.

25 Lake Orr Drive Robina.

Varsity Towers is a purpose build Student Only Accommodation Building!

Motivated Vendor Fantastic Investment Opportunity!

Investors Dont miss this opportunity, just listed and new to the market. A fantastic opportunity to purchase a pair of fully furnished studio apartments located on the 5th level - Lakeside! These studios apartments are always rented out to Bond, Griffith, or Southern Cross University students.
The very popular Varsity Towers Building is only a short stroll to Bond University (approximately 5 minutes, just across the pedestrian foot bridge).

Great returns with this Dual Key Apartment, the two studios are currently rented for a combined weekly income of $540.00 p/w.
33 square meters each apartment - fully furnished.
Kitchenette with sink, cook-top, microwave and fridge.
Bathroom with shower, toilet, and basin.
Split-system air-conditioner
Prepaid electricity meter.
Access to high-speed internet.
Secure access to the building and lifts.
Security cameras monitoring communal areas.
On-site laundry.
On-site shop for basic needs.
On-site licensed bar.
Public transport only a short 5min walk away.

Council rates and water combined approx. $3,500 a year.
Low body corporate fees approx. $115** p/week which includes gas hot water. sinking fund and building insurance.

** Body corporate fees to increase due to window replacements to entire building.

* Photos are of similar apartments *

Inspections by appointment, 24 hour notice must be given to current tenant.

The site is zoned for short term student accommodation.

Disclaimer: In the preparation of this information, we have used our best endeavors to ensure that the information contained herein is true and accurate and 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 any information contained herein.

More Information

Property Overview

Category: Apartment
Details: 2 2 0
Price: $260,000
Area: 33m2

Property Features

Furnished
Balcony
Intercom
Air Conditioned

Investment Information

Gross Return: $ (not disclosed)
_{How much does the property return in rent per year.}

Net Return: $ (not disclosed)
_{How much does the property return after all management expenses are deducted.}

Yield: (not disclosed)
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ (not disclosed)

Rates PA: $ (not disclosed)

Management Fee: (not disclosed)%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}