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1302/3 Main Street, Varsity Lakes, Qld 4227

Auction

Apartment

Type

Bedrooms

Bathrooms

Parkings

107 m²

Area

Last updated on Wednesday, August 26, 2026 ( See property details for 1302/3 Main Street, Varsity Lakes, Qld 4227)

Auction

Jon Paul LICENSED REAL ESTATE AGENT

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare dual-unit apartment offering excellent income potential, modern amenities, and prime Varsity Lakes location, perfect for investors or owner-occupiers seeking flexibility.

🏡 Property Highlights

Dual income streams on a single title with separate private entrances
Outstanding combined rental income of $1,000 per week
Elevated third-floor position with east-facing sunny outlook
Proximity to Bond University, ideal for students or investors
On-site pool and lift access for added convenience and lifestyle
Low body corporate fees of approximately $100 per week

✨ Key Features

Balcony
Air Conditioning
Dishwasher
Open-Plan Living
Built-in Robes
Security Screens / Gates
Fly Screens
Internal Laundry
Pet-Friendly
Garage / Secure Parking

Suburb and Property Insights of Varsity Lakes, QLD 4227

Varsity Lakes is a vibrant suburb renowned for its proximity to Bond University, scenic waterways, and a strong community atmosphere. Key points include: 1) Excellent rental demand from students and professionals, 2) Well-maintained parks and recreational facilities, 3) Convenient access to public transport and shopping precincts, 4) A safe and family-friendly environment, 5) Growing infrastructure supporting a high quality of life.

Frequently Asked Questions

What are the current rental yields and vacancy rates for this property?

The property offers a combined rental income of $1,000 per week, with low vacancy rates typical of Varsity Lakes, making it a highly attractive investment.

Are there any restrictions or approvals needed for leasing both units separately?

Since the property is on a single title with separate entrances, standard leasing procedures apply, but it's advisable to confirm with the body corporate regarding any specific restrictions.

What are the ongoing body corporate fees and what do they cover?

The body corporate fees are approximately $100 per week, covering maintenance of common areas, on-site management, and access to amenities such as the pool and lift.

Is there any recent or upcoming maintenance or renovations planned for the complex?

The complex is well-maintained with proactive management; any planned maintenance or renovations will be communicated by the management team.

What are the zoning and planning regulations affecting this property?

The property is zoned for residential use within Varsity Lakes, with no current restrictions impacting dual occupancy or rental arrangements.

What to ask about this property to agent?

Are there any hidden costs or upcoming special levies associated with the body corporate? Has the property been inspected for any structural or pest issues? Are there any restrictions on modifications or renovations to the units? Is the property located in a flood or bushfire-prone area? Are there any nearby development plans that could impact the property's value or outlook? What are the terms of the lease agreements with current tenants, and are they secure? Are there any easements or zoning restrictions that could affect future use or development? Has the property been affected by any recent or past flooding or environmental issues? Are there any strata or body corporate disputes or ongoing issues? What is the history of the property's maintenance and any recent upgrades?

1302/3 Main Street, Varsity Lakes, Qld 4227 - More Details

Auction

Auction in-rooms Thursday 16th July 2pm | Robina Events Centre 94 Laver Drive, Robina

Savvy investors, take note. This is a rare opportunity to secure two income streams on a single title, meaning you benefit from dual returns while paying only one body corporate levy. Positioned on an elevated third-floor setting with a sunny, east-facing outlook, this property offers ultimate flexibility. Keep one unit for yourself, a family member, or a student, and let the adjoining tenant offset your mortgage-or lease both for an accelerated payoff.

With demand for cash-flow-positive properties at an all-time high, this secure, lift-serviced complex delivers an outstanding combined rental expectation of $1,000 per week. Perfectly situated within walking distance to Bond University and complete with an on-site pool and proactive management, this is a smart, safe, and highly lucrative move.

The Opportunity
Two Units | One Title: Separate front doors ensure complete privacy
Outstanding Returns: $1,000 per week combined rental yield
Low Outgoings: Body Corporate is approximately $100 per week

Property Breakdown

-The One-Bedroom Apartment ($600/week)
• Layout: 1 bedroom, 1 bathroom, and 1 secure car park
• Living: Spacious, air-conditioned living room with 2 ceiling fans for year-round comfort
• Kitchen: Full-sized kitchen featuring a fridge, dishwasher, and ample storage space.
• Views: Private balcony with stunning easterly views toward Burleigh.
• Convenience: Dedicated laundry nook equipped with a washing machine and dryer

-The Studio Apartment ($400/week)
• Layout: Compact and highly functional 1 bedroom, 1 bathroom
• Kitchen: Well-appointed kitchen setup, including a fridge
• Views: Private balcony capturing excellent Burleigh views
• Climate: Fully air-conditioned
• Convenience: New Washing Machine Included

Complex Highlights
• Prime Location: Easy walking distance to Bond University
• Amenities: Lift access and a well-maintained on-site swimming pool
• Management: Excellent on-site management team ensuring your investment is well-protected.

We are going to auction so all prior offers will be presented!

Type: Apartment
Bedrooms: 2
Bathrooms: 2
Parkings: 1
Area: 107 m²

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1302/3 Main Street, Varsity Lakes, Qld 4227

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