11 Grassbird Avenue, Joondalup WA 6027

MASSIVE $88,400 Yearly Rental Return!

4-bedroom 2-bathroom main house with a completely separate
1 bedroom 1 bathroom + kitchen STUDIO above garage.

This fantastic investment is within walking distance to everything! Including -
• Edith Cowan University Joondalup Campus
• Police Academy
• Joondalup Train and Bus Station
• Joondalup Hospital
• Lakeside Joondalup Shopping Centre
• Cafés, restaurants and much more.

WHAT ARE YOUR OPTIONS?
• Reap the rewards of this property from the day you purchase it with a huge $88,400 gross per year rental return.
OR
• Live in the 1 bedroom 1 bathroom studio and rent out the main house for $63,960 gross per year

ABOUT THE PROPERTY

MAIN HOUSE
* Master bedroom downstairs with WIR and bathroom with shower and shared powder room,
* Big separate living room at the front
* Family/dining and kitchen open space overlooking for porch and garden
* On the first floor you have 3 big bedrooms with shared bathroom with bath, shower and separate powder room

STUDIO - is completely separate with private entrance and located over the double garage complete with a living area, fully equipped kitchen, generous size bedroom and 1 bathroom / laundry.

CURRENT LEASES

Studio - $470 gross per week ($410 NET income)

Bed 1 - $340 gross per week ($285 NET income)
Bed 2 - $290 gross per week ($235 NET income)
Bed 3 - $300 gross per week ($245 NET income)
Bed 4 - $300 gross per week ($245 NET income)

$1,700 per week, $88,400 GROSS per year
or
$1,420 per week, $73,840 NET per year (handle the Amenities which is Water, Gas, Electricity, Internet and Professional Cleaning every 6-8 weeks)

BONUS: ALL FURNITURE THAT IS CURRENTLY IN THE HOUSE IS INCLUDED IN THE SALE PRICE!!!

For further details or an inspection, please contact Magda Grek on 0406 647 779

Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.