49 Varsity Parade, Varsity Lakes, Qld 4227

Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Queensland's largest school.

Recently renovated, all flooring was replaced with hybrid timber look flooring, and all lights were replaced with LED oyster lights. Building 3, is currently being painted externally, and so the building will be looking like new soon.

This layout features two balconies, one on the north side of the building, great for the winter months, and the other on the south side of the building, joined with the living room. Having two balconies allows for maximum air flow and ventilation throughout the apartment, and the breeze is constant from the nearby lake Orr.

Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.

There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from enquiring if you are looking for a comfortable apartment to live yourself.

The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room.

Fibre to the home broadband internet is also available via Opticomm retailers with speeds up to 200mb/s download available.

High rental yield for investors. If you are an investor, please contact the on site managers for a current rental appraisal. The property is currently rented for $730 per week.

Relevant figures:
- Body Corporate levies - $86 per week on average with levies issued three times per year.
- Council rates every 6 months, approximately $2,000 per year
- Water is individually metered and tenant pays for consumption.
- There is a current lease in place until September 26/09/2024
- Rent $730 p/week

You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.

When viewing the property during an open home, please dial 99 bell at the vehicle entry, you can park inside as there is plenty of visitor parking. Meet the onsite managers at the onsite office next to the pool area.