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62/4-20 Varsityview Court,
Sippy Downs 4556, Queensland
$362,500
Property details
-
Agents
Ray White Buderim
1/66 Burnett Street, Buderim Queensland 4556
SOLD by Dallas Foster
For an information memorandum, please email to enquire.
Disclaimer: Photos displayed are from another comparable unit within the same complex.
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 metre 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 either $196 p/w or $210 p/w.
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 A: Leased until 08/01/24 at $210 per week
Room B: Leased until 08/01/24 at $210 per week
Room C: Leased until 03/07/23 at $224 per week
Room D: Leased until 08/01/24 at $210 per week
Total rental income: $854 p/week or $44,408 p/year approx
Property features:
- 4 beds
- 4 ensuites
- Common lounge room/dining
- A/C in living area
- Potential ROI* between 7-9%
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 if you require lending.
* Return on investment will depend on occupancy & vacancy throughout the year, the return is not guaranteed & is only a current estimation of income & expenses
Disclaimer: Photos displayed are from another comparable unit within the same complex.
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 metre 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 either $196 p/w or $210 p/w.
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 A: Leased until 08/01/24 at $210 per week
Room B: Leased until 08/01/24 at $210 per week
Room C: Leased until 03/07/23 at $224 per week
Room D: Leased until 08/01/24 at $210 per week
Total rental income: $854 p/week or $44,408 p/year approx
Property features:
- 4 beds
- 4 ensuites
- Common lounge room/dining
- A/C in living area
- Potential ROI* between 7-9%
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 if you require lending.
* Return on investment will depend on occupancy & vacancy throughout the year, the return is not guaranteed & is only a current estimation of income & expenses
Explore the area
School catchments
- Siena Catholic Primary School Primary Prep-6 Catholic 0.84km
- Siena Catholic College Secondary 7-12 Catholic 0.88km
- Chancellor State College Combined Prep-12 Government 1.0km
- Palmview State Secondary College Secondary 7-10 Government 2.0km
- Palmview State Primary School Primary Prep-6 Government 2.3km
- Matthew Flinders Anglican College Combined Prep-12 Independent 2.7km
- Buderim Mountain State School Primary Prep-6 Government 4.3km
- Brightwater State School Primary Prep-6 Government 5.0km
- Mountain Creek State School Primary Prep-6 Government 5.3km
- The Industry School - Sunshine Coast - Mountain Creek Campus Secondary Independent 5.4km
- Mountain Creek State High School Secondary 7-12 Government 5.5km
- Pacific Lutheran College Combined Prep-12 Independent 5.8km
- Immanuel Lutheran College Combined Prep-12 Independent 6.0km
- Kawana Waters State College Combined Prep-12 Government 6.6km
- Glenview State School Primary Prep-6 Government 6.9km
- Meridan State College Combined Prep-12 Government 6.9km
- Chevallum State School Primary Prep-6 Government 6.9km
- Kuluin State School Primary Prep-6 Government 7.0km
- Mooloolaba State School Primary Prep-6 Government 7.0km
- Sunshine Coast Grammar School Combined Prep-12 Independent 7.1km
- Maroochydore State High School Secondary 7-12 Government 7.6km
- Arethusa College - Maroochydore Campus Secondary Independent 7.9km
- Montessori International College Combined Prep-12 Independent 8.0km
- The Industry School - Sunshine Coast Secondary 10-12 Independent 8.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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