637

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

851

Investment Property
For Sale

Under Contract

UNDER CONTRACT: SORT AFTER LAKEWOOD RESERVE, VARSITY LAKES

UNDER CONTRACT: OFFERS OVER $875,000

Townhouse real estate, Varsity Lakes QLD

GROUND LEVEL:
Entrance Foyer and Auto Double Garage
LEVEL 1:
Carpeted 2nd Bedroom with Mirrored Robe and Ceiling Fan
Carpeted 3rd Bedroom with Mirrored Robe and Ceiling Fan
Family Bathroom with Bath, Shower, Vanity and Toilet
Laundry with sliding door
Guest Toilet and Basin
Courtyard Garden with access from side door
LEVEL 1.5:
Open Plan Lounge, Dining and Kitchen with Air-Conditioning
LEVEL 2:
Carpeted Master Bedroom with Ceiling Fan, Air-Conditioning, Walk-in Robe, and En-suite Bathroom.
Please note that all carpets are aged and need to be replaced

Pet Friendly Complex (Small/medium pets approved by Body Corporate)
Long Term Management
Complex Gymnasium
25m Lap Pool and Sauna Room
3 BBQ Areas
Highly sought-after Varsity College catchment area

Great for the investor with:
Rental range from $880-900 per week
Body Corporate approx. $95 per week
Council Rates approx. $45 per week
Water Rates approx. $30 per week
Long Term Property Managers.

The Lakewood Reserve Complex:
Nestled in Varsity Lakes with woodland and lake surrounding plus the benefit of experienced Property Management, the Lakewood Reserve Complex Features a Gymnasium, 25m Lap Pool, Sauna Room and 3 BBQ Areas. A great location in which you can feel like you have escaped from the high rise busy city centres, while being minutes away from local Coffee shops, Shopping centres, Schools, Library, Train Station and more.
The Varsity Lakes Area:

The Varsity Lakes Precinct boasts 56 Hectares of Parks, Gardens, Wetlands, Nature reserves and sporting grounds with the 80 Hectare Lake Orr adjacent to The Lakewood Reserve Complex.

Varsity Lakes is one of Australias fastest growing communities.

Within Minutes walk and drive too many great locations including:
Varsity College.
Bond University
Easy T Centre.
Robina Town Centre.
Christine Corner shopping complex.
Natural Reserve of Robina Woods.
Aldi on Christine.
Burleigh Beach.
Varsity Lakes Train Station.
The M1.
The Home & Life Shopping centre on Christine Ave.
So much more..

More Information

Property Overview

Category: Townhouse
Details: 3 2 2
Price: UNDER CONTRACT: OFFERS OVER $875,000
Area: 237m2

Property Features

Gym
Balcony
Intercom
Air Conditioned

Investment Information

Gross Return: $ 45760
_{How much does the property return in rent per year.}

Net Return: $ 38480
_{How much does the property return after all management expenses are deducted.}

Yield: 5.23%
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ 4940

Rates PA: $ 2340

Management Fee: 7.5%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}