Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Australia's second largest school.
The second largest layout of apartment in the complex and features a two balconies, one on the north side and one on the south side for maximum ventilation which is constant being so close to the lake. Make the best of the seasons and sit on the northern balcony during the winter and the southern balcony during the summer months.
Situated on the first floor of building 1 within Edgewater, the apartment is two flights of stairs up from the car park, and one flight of stairs up from the Varsity Pde entrance. There is no elevator in the building, which has pro's and con's. The main pro being lower BC rates compared with other similar sized complexes.
Within a 15-20 minute walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.
There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from enquiring if you are looking for a comfortable apartment to live yourself.
The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room.
Fibre to the home broadband internet is also available via Openetworks retailers with speeds up to 200mb/s download available.
If you are an investor, please contact the on site managers for a current rental appraisal. The property is under the NRAS Government subsidy program with incentives up to $11,100 per year. And there are 2.5 years remaining on the agreement.
Relevant figures:
- Body Corporate levies - $75 per week on average with levies issued three times per year.
- Council rates every 6 months, approximately $2,000 per year
- Weekly income including NRAS incentive with combined subsidy and rental income averaging $630 per week.
You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.
- Air Conditioning
- Reverse Cycle Air Conditioning
- Split-System Air Conditioning
- Balcony
- Secure Parking
- Swimming Pool - In Ground
- Broadband Internet Available
- Dishwasher
- Gym
- Intercom
- Pay TV Access
