March 12, 2021 - Peak Equities

183 Varsity Parade Varsity Lakes Gold Coast

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The property at 183 Varsity Parade is a premium quality office building, prominently located in the dynamic Bond University precinct of the Gold Coast.

A low-rise (2-level) building constructed on a substantial corner allotment, zoned to allow residential development up to 8-storeys. Well purchased in January 2015 and sold after two years, the following outcome was achieved for investors:

  • 10.5% p.a. income distributions (paid monthly)
  • 33% net capital growth / return on equity
  • 27% overall internal rate of return (IRR)

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