69/4-20 Varsityview Court

Sippy Downs QLD 4556

This fully self-contained and furnished apartment has 4 lockable bedrooms each incorporating its own ensuite and a communal living area and kitchen.

This is a great investment if your son or daughter are attending the Sunshine Coast University, providing you with the added advantage of a handsome return for rental return from the remaining 3 rooms.

Current leases:

Room A: Leased until 08/01/2024 at $210 per week ($182 after service fee)
Room B: Leased until 25/12/2023 at $210 per week ($182 after service fee)
Room C: Leased until 03/07/2023 at $224 per week ($196 after service fee)
Room D: Leased until 26/06/2023 at $210 per week ($182 after service fee)

From this weekly rental $28 is deducted for the onsite management fee which includes services of internet provision, fortnightly unit clean, repair and replacement of small appliances (kettle, toaster etc)

The Onsite Management also included 24/7 Security, BBQ opportunities for the students etc

Property features:
4 beds
4 ensuites
Common lounge room/dining
A/C in living area
Complex features:
Large inground pool & 30m lap pool
Large indoor communal/games room
Outdoor beach volleyball court
Indoor gym
On-site management
Full time gardeners & on-site caretakers
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.

Expenses:
Body corporate fees (includes electricity): $2,899 per quarter
Rates: $2,200 p/year
Water- Approx $200 per quarter
Boarding services: $28 per occupied room, per week. This fee covers 100 GB of internet per month,a fortnightly ocean of the communicable areas, replacement of damaged implements (toasters, kettles etc)
Management fees: 9% inc gst of rent collected:
Let fee: $400 p/year
Marketing & advertisement: $400 p/year

(Return on investment is based upon the above income & expenses. We encourage all prospective purchasers to do their own due diligence).

* Return on investment will depend on occupancy & vacancy throughout the year, the return is not guaranteed & is only a current estimation of income & expenses

Parking: 1 garage space
Bedrooms: 4
Bathrooms: 4

Please call kathryn today on 0437434648 to discuss this property further but be quick, here today, gone tomorrow.