134 Lakeside Drive, Joondalup WA 6027

MASSIVE $107,120 yearly rental return!

5-bedroom 5-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 $107,120 gross per year rental return.
OR
• Live in the 1 bedroom 1 bathroom studio and rent out the main house for $83,200 Gross per year

ABOUT THE PROPERTY

MAIN HOUSE - 1 bedrooms downstairs with separate bathroom, big living/dining and kitchen open space and separate laundry with extra toilet
On a first floor you have 2 bedrooms with separate bathrooms and another living area
On the second floor 2 additional big rooms with separate bathrooms

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 - $460 gross per week ($400 NET income)

Bed 1 - $320 gross per week (265 NET income)
Bed 2 - $350 gross per week (290 NET income)
Bed 3 - $310 gross per week (255 NET income)
Bed 4 - $310 gross per week (255 NET income)
Bed 5 - $310 gross per week (255 NET income)

$2,060 per week, $107,120 GROSS per year
or
$1,720 per week, $89,440 NET per year (handle the Amenities which is Water, Gas, Electricity, Internet and Professional Cleaning every 6-8 weeks)

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

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.