37 8 Varsityview Court Sippy Downs QLD 4556
OFFERS OVER $370,000

DESCRIPTION

UNDER CONTRACT
Varsity Apartments has consistently led the way for the astute investor in the student accommodation sector.
With a remarkable rent return of $840 per week, this is the perfect "Set & Forget" addition to your portfolio or SMSF.
VIEWINGS BY APPOINTMENT, tenants require 24 hours' notice.
The complex is security gated and only a five minute walk to the university.
This air-conditioned apartment has four ensuited bedrooms, a fully equipped kitchen, shared living/dining area and an outdoor entertaining area. It is conveniently located near the main entrance, overlooking the tennis court and close to the onsite management.
The complex features resort style living including, a fully equipped gymnasium, lap pool and resort pool, beach volley ball court, tennis and basketball court, BBQ areas, functions and games rooms and two launderettes.
There is onsite management with 24-hour security, so your investment is secure.
A perfect proposition for the savvy investor and also parents of students studying at the ever-expanding Sunshine Coast University.
Outgoings for last financial year;
Council Rates - $2,295
Body Corporate - $8,068
Water charges - $829
There is no power bill as the complex is fully solar powered.
Current Leases Now;
Room 1, $210/week to 24/06/24; Room 2, $210/week to 08/01/24; Room 3, $210/week to 24/06/24; Room 4, $210/week to 08/01/24.
A furnishing inventory in included in the purchase.
Note; most lenders will require a 40% contribution for this product.
Call Doug on Reveal Phone to find out more.
Note; Photos are indicative from a comparable apartment.