62/4-20 Varsityview Court

Sippy Downs QLD 4556

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