18/23 SCHOLARS DRIVE, Sippy Downs QLD 4556

The Village complex is located on the southern side of Scholars Drive on the Sunshine Coast Queensland. It is a purpose-built student accommodation complex primarily catering for the needs of students. It is adjacent to the University of the Sunshine Coast and directly opposite a Primary school. Currently Unit 18 is rented by the room to University students and forms part of a secure and gated complex with 24 hour on-site management and security, a four lane 25m lap pool, two further leisure pools, tennis court, basketball court and multiple BBQ facilities. The complex is within easy walking distance of one of the fastest growing universities, a bus stop, IGA, local shops and cafes. The Village always has 100% occupancy along with a long waiting list of potential tenants. There is also a strong demand from the rental market and owner/occupiers.

Rental Income:
A room - Leased at $220.55 until 26/06/2025
B room - Leased at $170.55 until 26/06/2025
C room - Leased at $170.55 until 26/06/2025

Total income: $561.65 net p/week / $29,205 per year


Property features:

Leased until 26/06/2025 @ $561.65 net p/week
Body corporate fees: $7000 p/year approx
Council rates: $2,500 p/year approx
Three spacious bedrooms with built in robes, ceiling fans and built-in desks
2.5 bathrooms
Fully furnished
Tiled open plan lounge/dining
Private courtyard, paved and large size
Separate laundry with washer and dryer
Single lock up garage
New roof & garage door with recent insurance claim (hail)
Exterior has been completely repainted
100% complex occupancy with waiting list


Complex features:

Gated complex for security
24hr on-site management & security
4 lane 25m lap pool & 2 leisure pools
Floodlit tennis & basket ball courts
Shared electric BBQ areas

Location features:

Adjoining the Sunshine Coast University, blue chip location
Walking distance to IGA complex on Scholars Dr with Italian and Japanese restaurants
Opposite Chancellor State College Primary campus and a short walk to Chancellor State College Secondary campus
Childcare centre and shopping complex in the same street with takeaway convenience, and only a short walk to Chancellor Park Shopping Centre
15 mins to Mooloolaba Main Beach*
15 mins to Sunshine Coast University Hospital
Less than 20 mins to Sunshine Coast Airport

Contact Susanna on 0407 751 170 today to arrange your private inspection or register for upcoming open homes.

Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.