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Management Rights
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Motels / Hotels
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Caravan Parks
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753

Investment Property
For Sale

3 BED TOWNHOUSE IN SORT AFTER LAKEWOOD RESERVE, VARSITY LAKES

OFFERS OVER $1,025,000

Townhouse real estate, Varsity Lakes QLD

LOWER LEVEL:
Carpeted Open Plan Lounge and Dining with Air-Conditioning
Tiled Kitchen
Enclosed Laundry with Clothes Dryer
Courtyard with Porch, Garden and Washing line

ENTRANCE LEVEL:
Double Garage with Auto Door
Entrance Foyer

LEVEL 1:
Bedroom 2 with Ceiling Fan, Mirrored Robe and Sliding Glass Door to Balcony
Bedroom 3 with Air-Conditioning, Ceiling Fan, Mirrored Robe and Door to Balcony
Family Bathroom with Bath and Shower
Separate Toilet
Linen Cupboard

LEVEL 1.5:
Master Bedroom with Air-Conditioning, Ceiling Fan, Large Mirrored Robe and Ensuite Bathroom

Pet Friendly Complex (Small/medium pets approved by Body Corporate)
Complex Gymnasium
25m Lap Pool and Sauna Room
3 BBQ Areas
Highly sought-after Varsity College catchment area
Current Tenants are Negotiable on Departure Date

GREAT FOR THE INVESTOR WITH:
Rental range from $910 - 950 per week
Body Corporate approx. $98 per week
Council Rates approx. $54 per week
Water Rates approx. $31 per week
Long Term Property Manager.

THE LAKEWOOD RESERVE COMPLEX:
Nestled in Varsity Lakes with woodland and lake surrounding plus the benefit of experienced Property Management, the Lakewood Reserve Complex Features a Gymnasium, 25m Lap Pool, Sauna and 3 BBQ Areas. A great location in which you can feel like you have escaped from the high rise busy city centres, while being minutes away from local Coffee shops, Shopping centres, Schools, Library, Train Station and more.

The Varsity Lakes Area:
The Varsity Lakes Precinct boasts 56 Hectares of Parks, Gardens, Wetlands, Nature reserves and sporting grounds with the 80 Hectare Lake Orr adjacent to The Lakewood Reserve Complex.

Within Minutes walk and drive too many great locations including:
Varsity College.
Bond University
Easy T Centre.
Robina Town Centre.
Christine Corner shopping complex.
Natural Reserve of Robina Woods.
Aldi on Christine and in Robina.
Burleigh Beach.
Varsity Lakes Train Station.
The M1.
The Home & Life Shopping centre on Christine Ave.
So much more..

More Information

Property Overview

Category: Townhouse
Details: 3 2 2
Price: OFFERS OVER $1,025,000
Area: 188m2

Property Features

Gym
Balcony
Intercom
Air Conditioned
remoteGarage
secureParking
dishwasher
builtInRobes
broadband
courtyard
fullyFenced

Investment Information

Gross Return: $ 47320
_{How much does the property return in rent per year.}

Net Return: $ 39416
_{How much does the property return after all management expenses are deducted.}

Yield: 4.62%
_{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: $ 5096

Rates PA: $ 2808

Management Fee: 7.5%
_{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.}