2 Bed Apartment in sought after Lakewood Reserve, Varsity Lakes

OFFERS OVER $649,000

Apartment real estate, Varsity Lakes QLD

Single level Apartment situated on the top floor of a 3 level walk-up
Carpeted open plan Lounge and Dining with air-conditioning
Tiled Kitchen including dishwasher
Balcony with green belt and forest views
Carpeted Master Bedroom with mirrored robe and air-conditioning
En-suite Bathroom with toilet and shower
Carpeted 2nd Bedroom with mirrored robe
Family Bathroom with shower
Separate toilet
Laundry area with folding doors, including dryer
Single car bay in Apartment Basement Garage
Pet Friendly Complex (Small/medium pets approved by Body Corporate)
25m Lap Pool
Complex Gym
Sauna Room
3 BBQ Areas

CURRENT TENANT with Lease ending May 2025
Highly sought-after Varsity College catchment area
Long term Management with experienced team

Great for the investor with:
Rental range from $675 - $720 per week
Body Corporate approx. $110 per week
Council Rates approx. $50 per week
Water Rates approx. $31 per week
Long term Property Managers.

The Lakewood Reserve Complex:
Nestled in Varsity Lakes with woodland and lake surrounding plus the benefit of experienced Property Management, the Lakewood Reserve Complex Features a Gymnasium, 25m Lap Pool, Sauna Room and 3 BBQ Areas. A great location in which you can feel like you have escaped from the high rise busy city centres, while being minutes away from local Coffee shops, Shopping centres, Schools, Library, Train Station and more.
The Varsity Lakes Area:

The Varsity Lakes Precinct boasts 56 Hectares of Parks, Gardens, Wetlands, Nature reserves and sporting grounds with the 80 Hectare Lake Orr adjacent to The Lakewood Reserve Complex.

Varsity Lakes is one of Australias fastest growing communities.

Within Minutes walk and drive too many great locations including:
Varsity College.
Bond University
Easy T Centre.
Robina Town Centre.
Christine Corner shopping complex.
Natural Reserve of Robina Woods.
Aldi on Christine.
Burleigh Beach.
Varsity Lakes Train Station.
The M1.
The Home & Life Shopping centre on Christine Ave.
So much more..

More Information

Property Overview

Category: Apartment
Details: 2 2 1
Price: OFFERS OVER $649,000
Area: 125m2

Property Features

Gym
Balcony
Intercom
Air Conditioned

Investment Information

Gross Return: $ 35100
_{How much does the property return in rent per year.}

Net Return: $ 26780
_{How much does the property return after all management expenses are deducted.}

Yield: 5.41%
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ 5720

Rates PA: $ 2600

Management Fee: 7.5%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}