2204/3 Main Street, Varsity Lakes, Qld 4227

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings

Published on Thursday, October 15, 2026 ( See property details for 2204/3 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 versatile dual-income apartment in Varsity Lakes offering two self-contained units with excellent amenities and prime location for investors or owner-occupiers.

🏡 Property Highlights

  • Dual self-contained units on a single title offering versatile living and investment options
  • Elevated third-floor position with sunny north-facing views
  • Combined rental income of $1,000 per week, maximizing investment potential
  • Low body corporate levy of approximately $92 per week
  • Prime location within walking distance to Bond University, shops, cafes, and public transport
  • Complex features include a lift, swimming pool, and gym for residents

✨ Key Features

  • Swimming Pool
  • Garage
  • Air Conditioning
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • Fully fenced
  • Water tank

Varsity Lakes is a vibrant suburb renowned for its convenient location, proximity to Bond University, beautiful beaches, and excellent amenities. It offers a relaxed lifestyle with easy access to shopping, dining, and public transport, making it highly attractive for students, families, and investors alike.

What are the current rental yields and potential for future growth?
The property currently generates a combined rental income of $1,000 per week, with unit one leased at $620 and unit two at $380, offering attractive yields and potential for future appreciation given its prime location.
Are there any restrictions or strata fees associated with owning this dual-unit property?
The property is part of a well-maintained, lift-serviced complex with a body corporate levy of approximately $92 per week, covering shared amenities such as the pool and gym.
What are the zoning and planning regulations for this property?
Located within a residential zone in Varsity Lakes, the property complies with local planning regulations, but prospective buyers should verify any specific zoning or development restrictions with the local council.
Is the property suitable for owner-occupiers or primarily for investors?
The property offers flexible living options, making it suitable for both owner-occupiers seeking a versatile residence and investors looking to maximise rental income through dual streams.
Are there any upcoming developments or infrastructure projects in the area?
Current local planning information indicates no major developments imminent, but buyers should consult local council updates for the latest planning activities.
Are there any additional costs or fees not included in the body corporate levy? Has the property been recently renovated or does it require any repairs? Are there any restrictions on leasing or subletting the units? Is there any history of flooding or bushfire risk in the area? Are there any planned changes to public transport or road access nearby? What are the terms of the current lease agreements, and are they transferable? Are there any easements or covenants affecting the property? Is the property compliant with all building and safety regulations? Are there any ongoing disputes or issues within the body corporate? What is the process for managing shared amenities and maintenance costs?

2204/3 Main Street, Varsity Lakes, Qld 4227 - More Details

Auction

Auction In-rooms 5th November 2pm | Robina Events Centre | 94 Laver Drive

Investors, the countdown is on! Secure your opportunity to bid on this unique dual-income investment before it's too late.

Why settle for one rental income when you could have two? Set on an elevated third floor with a sunny north-facing aspect, this is an opportunity to secure two self-contained living spaces on a single title - with the added advantage of paying just one body corporate levy.

With a combined rental of $1,000 per week, this opportunity deserves your attention. Live in one and rent the other, accommodate a family member or student, or lease both and maximise your investment potential.

Going to auction on 5 November-now is the time to do your homework and get ready to bid!

THE INVESTMENT AT A GLANCE
Two self-contained units on one title

• $1,000 per week combined rent
• One body corporate levy $92 per week approx
• Rates $1,105 (6 months) aprox
• Water $489 (per quarter) approx
• Separate entrances for privacy, shared laundry or add your own in the studio!
• Elevated second-floor position with northerly views
• Lift-serviced complex with an on-site swimming pool and gym
• Walking distance to Bond University, Coles, Cafes and Restaurants

Public Transport at your doorstep, 10 minutes to Burleigh beaches or 5 minutes to Robina Town Centre

UNIT ONE: ONE-BEDROOM APARTMENT
• Rental Return: $620 per week until 6/6/2027
• One bedroom, one bathroom and one secure car space
• Spacious, air-conditioned living area with two ceiling fans
• Full-sized kitchen with fridge, dishwasher and ample storage
• Private balcony capturing easterly views towards Burleigh
• Dedicated laundry nook with washing machine and dryer
• Fully furnished

UNIT TWO: SELF-CONTAINED STUDIO
• Rental Return: $380 per week until 28/03/2027
• One bedroom and one bathroom
• Functional kitchen setup with fridge
• Private balcony with sunny north facing views
• Air-conditioned for year-round comfort
• Fully furnished

LOCATION, CONVENIENCE AND INVESTMENT APPEAL
Positioned in building two at "Varsity On Main" and within easy walking distance of Bond University, this property offers a practical lifestyle location for students and tenants alike.

The secure, lift-serviced complex features a well-maintained swimming pool and an on-site management team, adding convenience for residents and peace of mind for owners.

New Coles Supermarket is a short 3 min walk away.

THE CLOCK IS TICKING - AUCTION 5 NOVEMBER!
Two income streams. One title. One opportunity to secure a versatile investment in a sought-after Varsity Lakes location.

Whether you're looking to strengthen your portfolio, generate dual rental income or secure a property with flexible living options, don't leave this one until the last minute.

Mark 5 November in your calendar, arrange your inspection and be ready to bid!

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. The website may have filtered the property into a price bracket for website functionality purposes.
Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1
House Size
105 m²

Inspections times

  • Inspection Sat 17 Oct 8:30 am

    Saturday 17 October
    8:30 am - 9:00 am
  • Inspection Wed 21 Oct 12:00 pm

    Wednesday 21 October
    12:00 pm - 12:30 pm
  • Inspection Sat 24 Oct 9:00 am

    Saturday 24 October
    9:00 am - 9:30 am
  • Inspection Wed 28 Oct 12:00 pm

    Wednesday 28 October
    12:00 pm - 12:30 pm
  • Inspection Sat 31 Oct 9:00 am

    Saturday 31 October
    9:00 am - 9:30 am

Auctions

  • 2204/3 Main Street, Varsity Lakes, Qld 4227

    Thursday 5 November
    2:00 pm
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