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“Student Accomodation - Cash Flow Cow”
For an information memorandum, please email to enquire.
Disclaimer: Photos displayed are from another comparable unit within the same complex.
Resort lifestyle within walking distance of the Sunshine Coast University. This entry level investment opportunity offers a secure complex ticking all the boxes for the investor and a very sought-after rental return.
The Varsity complex offers affordable student accommodation to our local and out of town University students. It also offers loads of extra benefits including a 30 metre lap pool, another leisure pool, tennis court, basketball court, large indoor common area, gym and several communal areas. This fully self-contained and furnished apartment has 4 lockable bedrooms incorporating its own ensuite. Each bedroom rents for either $196 p/w or $210 p/w.
This is a great investment for the family with son or daughter attending the Sunshine Coast University needing accommodation and security. While at the same time giving you, the investor, a handsome return as you rent the other 3 rooms.
Room 1: 14/02/2022 till 04/07/2022 @ $210 per week
Room 2: 31/01/2022 till 16/01/2023 @ $196 per week
Room 3: 31/01/2022 till 16/01/2023 @ $196 per week
Room 4: 31/01/2022 till 16/01/2023 @ $196 per week
Total rental income: $798.00 p/week or $41,496 p/year
- 4 beds
- 4 ensuites
- Common lounge room/dining
- A/C in living area
- Potential 7.5% Net R.O.I
- Large leisure pool & additional 30m lap pool
- Large indoor communal/games room
- Outdoor beach volleyball court
- Indoor gym
- On-site management
- Full time gardeners & on-site care takers
- 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.