16/4-20 Varsityview Court, Sippy Downs QLD 4556

Reduced to $239,000

4 beds

4 baths

1 parking

SOLD by Dallas Foster - Your Varsity Unit Expert

Resort lifestyle within walking distance of the Sunshine Coast University. This entry level investment opportunity offers a secure complex ticking all the boxes for the investor and a very sought-after rental return.

The Varsity complex, offers affordable student accommodation to our local and out of town University students. It also offers loads of extra benefits including a 30 meter lap pool, another leisure pool, tennis court, basketball court, large indoor common area, gym and several communal areas.

This fully self-contained and furnished apartment has 4 lockable bedrooms incorporating its own ensuite. Each bedroom rents for $196 p/w to $210 p/w or avg. $3,350 per month depending on the semester.

This is a great investment for the family with son or daughter attending the Sunshine Coast University needing accommodation and security, while at the same time, giving you the investor, a handsome return as you rent the other 3 rooms.

Property features:
- 4 beds, 4 ensuite's
- Common lounge room/dining
- Air conditioning in living area
- Potential 9% Net R.O.I
- Recently painted throughout
- New carpets in each bedroom

Property leases:
- Room 1: Vacant
- Room 2: 29/01/2018 - 02/07/2018 @ $210 p/week
- Room 3: 29/01/2018 - 02/07/2018 @ $210 p/week
- Room 4: 29/01/2018 - 02/07/2018 @ $210 p/week

Complex features:
- Large leisure pool & additional 30m lap pool
- Large indoor communal/games room
- Outdoor beach volleyball court
- Indoor gym
- On-site management
- Full time gardeners & on-site care takers
- Quick & easy walking access to the Sunshine Coast University
- Undercover car park in complex & on-street parking
- Gated & secure complex

Don't delay, enquire today! These properties don't last long on the market so enquire today to collect all the financials plus further important information you will need to know about this fantastic investment property.

NOTE: You will need a 40% deposit in either cash or property equity - financial lenders requirement. Also note, you cannot purchase these properties in your SMSF.

Property Details

• Type: Unit
• Bedrooms: 4
• Bathrooms: 4
• Garage Spaces: 1

Features