8/240 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 8/240 Varsity Pde, Varsity Lakes
Last Listing description (October 2025)
Jared Johnson & Taylor Jones from Coastal Commercial are delighted to present an exceptional opportunity for astute investors looking for a perfectly positioned Commercial asset with a long-standing, quality tenant.
Located in the vibrant heart of Varsity Lakes, this blue-chip investment is walking distance to highly acclaimed Bond University (5,625 enrolled students in 2024), major arterial roads, public transport links and an array of popular restaurants, and boutique retailers.
The sellers are extremely motivated and will entertain all cash unconditional offers prior to Auction. If not sold prior, the property will be sold via Public Auction 11:00am on Wednesday the 3rd of September at Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach.
The property offers the following rarely available investment highlights:
92m2 NLA
Rental income $54,331.92 p.a. plus outgoings
7 years with 2 x 7 year options
Great value for money investment
Highly desirable ground floor, street fronting tenancy with exposure to street
Tenanted by popular tenant 'Blackboard Varsity'
High quality fit-out
Long standing quality local business as tenant
CPI% annual rental increase
4 x exclusive use car parks at the rear of the premises
Ample street parking
Disabled access
Disclaimer: We have in preparing this information used our best endeavors to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 8/240 Varsity Pde, Varsity Lakes, QLD 4227
- 23 Sep 2025Sold for $870,000
- 04 Aug 2025Listed for Sale AUCTION (in-room) Contact Agent
- 21 Aug 2024Listed for Sale AUCTION (in-room) Contact Agent
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About Varsity Lakes 4227
The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2016 was 15026 people. By 2021 the population was 16493 showing a population growth of 9.8% in the area during that time. The predominant age group in Varsity Lakes is 30-39 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation.In 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.
Varsity Lakes has 8,093 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:
- The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
- Houses have a median rent of $870 while Units have a median rent of $800.
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