77/4-20 Varsityview Court, Sippy Downs QLD 4556

$235,000 negotiable

4 beds

4 baths

1 parking

SOLD by Dallas Foster

Varsity Apartment's Investment Opportunity

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.

Current leases:
- Room 1: Leased till 06/01/2020 @ $196 p/week
- Room 2: Leased till 06/01/2020 @ $196 p/week
- Room 3: Leased till 06/01/2020 @ $196 p/week
- Room 4: Leased till 01/07/2019 @ $210 p/week

Total weekly rent: $798.00


Property features:
- 4 beds
- 4 en-suites
- Common lounge room/dining
- A/C in living area
- Potential 7.5% Net R.O.I

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

NOTE: You will need a 40% deposit in either cash or property equity - financial lenders requirement.

Property Details

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

Features