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  • 18/23 SCHOLARS DRIVE, SIPPY DOWNS, QLD 4556
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This property is no longer available.

18/23 Scholars Drive, Sippy Downs, QLD 4556

UNDER CONTRACTSold on November 21, 2024
 3
 2
 1

Prime Investment Opportunity

The Village complex is located on the southern side of Scholars Drive on the Sunshine Coast Queensland. It is a purpose-built student accommodation complex primarily catering for the needs of students. It is adjacent to the University of the Sunshine Coast and directly opposite a Primary school. Currently Unit 18 is rented by the room to University students and forms part of a secure and gated complex with 24 hour on-site management and security, a four lane 25m lap pool, two further leisure pools, tennis court, basketball court and multiple BBQ facilities. The complex is within easy walking distance of one of the fastest growing universities, a bus stop, IGA, local shops and cafes. The Village always has 100% occupancy along with a long waiting list of potential tenants. There is also a strong demand from the rental market and owner/occupiers. Rental Income: A room - Leased at $220.55 until 26/06/2025 B room - Leased at $170.55 until 26/06/2025 C room - Leased at $170.55 until 26/06/2025 Total income: $561.65 net p/week / $29,205 per year Property features: Leased until 26/06/2025 @ $561.65 net p/week Body corporate fees: $7000 p/year approx Council rates: $2,500 p/year approx Three spacious bedrooms with built in robes, ceiling fans and built-in desks 2.5 bathrooms Fully furnished Tiled open plan lounge/dining Private courtyard, paved and large size Separate laundry with washer and dryer Single lock up garage New roof & garage door with recent insurance claim (hail) Exterior has been completely repainted 100% complex occupancy with waiting list Complex features: Gated complex for security 24hr on-site management & security 4 lane 25m lap pool & 2 leisure pools Floodlit tennis & basket ball courts Shared electric BBQ areas Location features: Adjoining the Sunshine Coast University, blue chip location Walking distance to IGA complex on Scholars Dr with Italian and Japanese restaurants Opposite Chancellor State College Primary campus and a short walk to Chancellor State College Secondary campus Childcare centre and shopping complex in the same street with takeaway convenience, and only a short walk to Chancellor Park Shopping Centre 15 mins to Mooloolaba Main Beach* 15 mins to Sunshine Coast University Hospital Less than 20 mins to Sunshine Coast Airport Contact Susanna on 0407 751 170 today to arrange your private inspection or register for upcoming open homes. Disclaimer: All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Floorplans & Interactive Tours

General Features
Bathrooms2
Bedrooms3
Ensuites1
Outdoor Features
Garage Spaces1
Swimming Pool - In Ground
Fully Fenced
Tennis Court
Courtyard
Indoor Features
Built in Robes
Other Features
0
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18/23 Scholars Drive, Sippy Downs, QLD 4556

UNDER CONTRACTSold on November 21, 2024
 3
 2
 1

Prime Investment Opportunity

The Village complex is located on the southern side of Scholars Drive on the Sunshine Coast Queensland. It is a purpose-built student accommodation complex primarily catering for the needs of students. It is adjacent to the University of the Sunshine Coast and directly opposite a Primary school. Currently Unit 18 is rented by the room to University students and forms part of a secure and gated complex with 24 hour on-site management and security, a four lane 25m lap pool, two further leisure pools, tennis court, basketball court and multiple BBQ facilities. The complex is within easy walking distance of one of the fastest growing universities, a bus stop, IGA, local shops and cafes. The Village always has 100% occupancy along with a long waiting list of potential tenants. There is also a strong demand from the rental market and owner/occupiers. Rental Income: A room - Leased at $220.55 until 26/06/2025 B room - Leased at $170.55 until 26/06/2025 C room - Leased at $170.55 until 26/06/2025 Total income: $561.65 net p/week / $29,205 per year Property features: Leased until 26/06/2025 @ $561.65 net p/week Body corporate fees: $7000 p/year approx Council rates: $2,500 p/year approx Three spacious bedrooms with built in robes, ceiling fans and built-in desks 2.5 bathrooms Fully furnished Tiled open plan lounge/dining Private courtyard, paved and large size Separate laundry with washer and dryer Single lock up garage New roof & garage door with recent insurance claim (hail) Exterior has been completely repainted 100% complex occupancy with waiting list Complex features: Gated complex for security 24hr on-site management & security 4 lane 25m lap pool & 2 leisure pools Floodlit tennis & basket ball courts Shared electric BBQ areas Location features: Adjoining the Sunshine Coast University, blue chip location Walking distance to IGA complex on Scholars Dr with Italian and Japanese restaurants Opposite Chancellor State College Primary campus and a short walk to Chancellor State College Secondary campus Childcare centre and shopping complex in the same street with takeaway convenience, and only a short walk to Chancellor Park Shopping Centre 15 mins to Mooloolaba Main Beach* 15 mins to Sunshine Coast University Hospital Less than 20 mins to Sunshine Coast Airport Contact Susanna on 0407 751 170 today to arrange your private inspection or register for upcoming open homes. Disclaimer: All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Floorplans & Interactive Tours

Details not provided

General Features
Bathrooms2
Bedrooms3
Ensuites1
Outdoor Features
Garage Spaces1
Swimming Pool - In Ground
Fully Fenced
Tennis Court
Courtyard
Indoor Features
Built in Robes
Other Features
0
Realty AI
Meet the Neighbours near SIPPY DOWNS
Primary
Secondary
Special

Get to know more about SIPPY DOWNS

Explore Suburb
SIPPY DOWNS Suburb Trends Price trends for properties in SIPPY DOWNS
Monthly Average Prices Statistics
2024

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