322/25 Lake Orr DriveRobina QLD 4226
Property Details for 322/25 Lake Orr Dr, Robina
322/25 Lake Orr Dr, Robina is a bedroom, bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 947m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (November 2016)
2 X 3rd FLOOR STUDIOS. LOOKING TO INVEST NEAR BOND UNIVERSITY?
2 Studios - One Title - Two Rents - Only 1 Body Corp Fee. Priced to Sell!
Purpose built student accommodation near Bond University. These studios are situated on the 6th floor on the city side at the northern end and have great views of Lake Wonderland and the Surfers Paradise skyline. This pair of bright and spacious studios come fully furnished and has the upgrade of both studios having double. This adds the potential to increase your rent by up to $10 per studio per week beds if rented to a couple. Your investment is ready to go immediately.
They are both on one title, so only one body corporate levy of approx $86 per week, this includes building insurance, sinking fund and gas hot water. Plus a special levy for 1 year only of $250 per quarter per lot to allow for exterior painting of the complex, replacement of windows and some rectification works this levy should finish in February 2017.
Studio Features Include:
•Surfers Paradise skyline views.
•A complete Furniture Package Included - appliances, crockery and cutlery.
•Air conditioned.
•Full Security - Electric access cards, cameras and onsite security are in place to ensure complete protection.
•Off road parking.
•Access to high speed internet and cable TV.
•Licensed bar and recreation room for exclusive use of tenants.
•On-site laundry.
•Total approx. 66 m2.
•Body corporate approximately $86 per week.
•Council rates and water approx. $2,800 a year
•Great onsite managers.
•Average annual Occupancy rates for Varsity Towers of around 90%.
•Units are in high demand
•Situated along side Bond University.
•Sought after location - Minutes to Burleigh Beach, a short walk or cycle to Bond University, Fitness First Gym and Varsity Tavern across the road.
Solid investment opportunity - won't last for long!
Property History for 322/25 Lake Orr Dr, Robina, QLD 4226
- 16 Dec 2016Sold for $195,000
- 22 Jan 2016Listed for Sale $195,000
- 15 May 2009Sold for $190,000
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About Robina 4226
The size of Robina is approximately 15.3 square kilometres. It has 38 parks covering nearly 25.6% of total area. The population of Robina in 2011 was 20,522 people. By 2016 the population was 23,090 showing a population growth of 12.5% in the area during that time. The predominant age group in Robina is 20-29 years. Households in Robina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Robina work in a professional occupation. In 2011, 63.9% of the homes in Robina were owner-occupied compared with 62.3% in 2016.
Robina has 11,489 properties. Over the last 5 years, Houses in Robina have seen a 98.10% increase in median value, while Units have seen a 67.70% increase. As at 30 September 2024:
- The median value for Houses in Robina is $1,352,299 while the median value for Units is $747,445.
- Houses have a median rent of $880 while Units have a median rent of $750.
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