313/25 Lake Orr Drive, Robina

At this address is a unit on a lot in 51/SP157828 Robina QLD. Properties with similar attributes have sold for approximately $215,000. Constructed in 2004, featuring 2 bedrooms and 2 bathrooms.

ABOUT THE PROPERTY

Bedrooms
2
Bathrooms
2
Car spaces
0
Land size
-
Building size
-
Council area
Gold Coast City - Albert
Year built
2004
Lot plan
51/SP157828 Robina QLD
House type
Unit: Standard



HISTORY

Last sold 02/03/2020
$200,000



LISTING DESCRIPTION
as of March 2020

PRICED TO SELL NOW ! GREAT CASH FLOW ! 2 X 3RD FLOOR STUDIOS WITH AMAZING VIEWS OF LAKE ORR2 Studios - One Title - Two Rents - Only 1 Body Corp Fee. Purpose built student accommodation near Bond University. These studios are situated on the 3rd floor on the lakeside and have great views of Lake Orr. This pair of bright and spacious studios come fully furnished and has the upgrade of both studios having double beds. (This adds the potential to increase your rent by up to $10 per studio per week beds if rented to a couple.) Your investment is ready to go immediately. Both studios rent for $255 each per week, thats $510 for the pair. The two studios are on one title, so only one body corporate levy of approx $85 per week, this includes building insurance, sinking fund and gas hot water.They have just been reduced to $210,000 and are priced to sell NOW ! The low price on these studios is to make an allowance to the buyer for the ** Building Rectification LevyStudio Features Include: Complete Furniture Package Included - appliances, crockery and cutlery. Air-conditioned. Full Security-Electric access cards, cameras & onsite security in place to ensure complete protection. Off road parking in private road. Access to high speed Internet and cable TV. Licensed bar and recreation room for exclusive use of tenants. On-site laundry. Total approx. 66 m2. Body corporate approximately $85 per week. Healthy sinking fund of over $1,500,000 Council rates and water approx. $3,400 a year Great on-site managers. Average annual Occupancy rates for Varsity Towers of around 93%. Units are in high demand Approx 10 minutes walk from Bond University. Sought after location - Minutes to Burleigh Beach, a short walk or cycle to Bond University, Fitness First Gym and Varsity Tavern across the roadSolid investment opportunity - won't last for long! Call now to arrange your inspection!* Photos are of similar apartments, not the actual apartments*** Building Rectification Levy-$1,100per quarter per lotuntil the next AGM early next year (this may be extended after that AGM for 1more year)to allow for exterior painting of the complex, replacement of windows and rectification works.Theoriginal windowswillbe replaced with more robust windows with better waterproofing and sealing. The new windows and their installation will have a higher level of performance in terms of water, thermal and wind load resistance.