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. Current leases: Room A: Leased until 08/01/24 at $210 per week Room B: Leased until 08/01/24 at $210 per week Room C: Leased until 03/07/23 at $224 per week Room D: Leased until 08/01/24 at $210 per week Total rental income: $854 p/week or $44,408 p/year approx Property features: - 4 beds - 4 ensuites - Common lounge room/dining - A/C in living area - Potential ROI* between 7-9% 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 if you require lending. * Return on investment will depend on occupancy & vacancy throughout the year, the return is not guaranteed & is only a current estimation of income & expenses