402 and 404/25 Lake Orr Drive ROBINA, QLD 4226

Sold for $205,000 on 1 Nov 2017
  • 2 Beds
  • 2 Baths

Sold By

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Apartment in ROBINA


  • 2 Beds
  • 2 Baths

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 4th floor on the city side and have 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 beds. 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.
Studio 402 rent for $230 per week to a long term tenant until Dec 2018.
Studio 404 rents for $240per week until Dec 2017. That's $470 for the pair.
The two studios are on one title, so only one body corporate levy of approx $98 per week, this includes building insurance, sinking fund and gas hot water for your tenants. Plus a special levy of $250 per quarter per lot to allow for exterior painting of the complex, replacement of windows and some rectification works. Council rates and water approx. $2,375 per year.

This great investment opportunity won't last for long!
Studio Features Include:
• Surfers Paradise skyline views.
• Complete Furniture Package Included incl. appliances, crockery and cutlery etc.
• Air conditioned.
• Full Security - Electric access cards, cameras and onsite security are in place to ensure complete protection.
• On road parking in private road.
• 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 $98 per week.
• Council rates and water approx. $2,375 a year
• Great onsite managers. Both units in rental pool.
• Great Occupancy rates for Varsity Towers of approx. 90% pa.
• Situated very close to Bond University.
• Units in high demand with a solid year round occupancy
• Great returns and capital growth
• Sought after location - Minutes to Burleigh Beach, easy walk or cycle to Bond University, Fitness First Gym and Varsity Tavern across the road.

Sought after location - minutes to Burleigh Beach, a short walk or cycle ride to Bond University. Fitness First Gym and Varsity Tavern across the road

Solid investment opportunity - won't last for long! Call now to arrange your inspection!

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.







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