Varsity Lakes

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Great Investment Opportunity With Long Term Tenants

This very well presented 3 bedroom town house is returning a very solid $420 p/w income on a long term lease with tenants in place plus an extra option on the lease to follow to secure your investment.The next lease is due to go to $445.00 p/w

• Body corp. fees approx. $66.85 p/w
• Council rates and water approx. $57.00 p/w
• Rental return $420.00 p/w
• Purchase price Offers over $389 000
• Gross Yield 5.61%*

Property description:

• 3 bedrooms all with mirrored built-Ins and shelves and ceiling fans
• Master bedroom with ensuite with walk-in robe and private balcony
• 2 bathrooms and 3 toilets (1 separate to main bathroom plus ensuite)
• Good size main bathroom with shower, bath and toilet.
• 5kw Split system aircon to lounge, dining, kitchen area
• Separate dining area with sliding door access to front court yard
• Spacious modern kitchen with Stone bench tops and breakfast bar, stainless steel dishwasher, rangehood and oven with a ceramic cook top and overhead cupboard.
• Down lights to kitchen and in all living areas
• Tiles to main living areas and carpet to the rest ensures low property maintenance
• Private rear landscaped garden with pergola entertainment area
• Laundry in the garage with dryer and 250L HWS
• Linen cupboard in hallway,
• Screens to all windows and doors.
• Intercom system
• Wired with 2 Austar and TV points
• Wired for 2 phone and data points
• Security gated complex with inground pool and BBQ entertainment area.
• Walk to Bus, trains, schools and shops for tenant’s convenience
• Great onsite managers to protect and grow your investment
• Built 2003.

The complex is very conveniently located on bus routes, close to Varsity railway station, easy access to M1 and just 5 minutes from Robina Town Centre and two smaller shopping centres including Aldi and Woolworths. Excellent Preschools, schools service this catchment area Varsity college, Robina state school, Marymount college.

This is a must for your investment portfolio with excellent presentation to complex complimented by lush landscaped grounds , close to all amenities for tenants convenience and ease makes this a must act now.

* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite property, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.

Property Features

Air Conditioning • Balcony • Balcony/Patio/Terrace • Bath • BBQ • Broadband • Built-ins • Close to Parklands • Close to Schools • Close to Shops • Close to Transport • Courtyard • Deck • Dishwasher • Entertainment Area • Fully Fenced • Garden • Heating • Internal Laundry • Living Area • Modern Bathroom • Modern Kitchen • Pay TV Enabled • Remote Garage • Secure Parking • Swimming/Lap Pool • 

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