1302/3 Main Street, Varsity Lakes, Qld 4227

Auction

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings
107 m²
Area

Published on Wednesday, June 24, 2026 ( See property details for 1302/3 Main Street, Varsity Lakes, Qld 4227)

Auction

Jon Paul LICENSED REAL ESTATE AGENT
  • 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

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.

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.
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

Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1
Area
107 m²

Inspections times

  • Inspection Sat 27 Jun 2:15 pm

    Saturday 27 June
    2:15 pm - 2:45 pm
  • Inspection Wed 1 Jul 12:00 pm

    Wednesday 1 July
    12:00 pm - 12:30 pm
  • Inspection Sat 4 Jul 2:15 pm

    Saturday 4 July
    2:15 pm - 2:45 pm

Auctions

  • 1302/3 Main Street, Varsity Lakes, Qld 4227

    Thursday 16 July
    2:00 pm
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