95/4-20 Varsityview Court, Sippy Downs QLD 4556

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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 meter 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 $196 p/w to $210 p/w or avg. $3,350 per month depending on the semester.

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.

Current leases:
- Room 1: Ends 7th January 2019 @ $196 per week
- Room 2: Currently advertised for rent
- Room 3: Currently advertised for rent
- Room 4: Ends 1st July 2019 @ $196 per week


Property features:
- 4 beds, 4 ensuite's
- Common lounge room/dining
- Air conditioning in living area
- Potential 9% Net R.O.I

Recent unit renovations/additions:
- New carpet
- Repainted inside
- New stove/oven
- New lounges
- New T.V

Complex features:
- 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 in either cash or property equity - financial lenders requirement.