5 Portwood Cross, Joondalup WA 6027

MASSIVE $ 94,640 yearly rental return!

5-bedroom 3-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 $ $94,640 gross per year rental return.
OR
• Live in the 1 bedroom 1 bathroom studio and rent out the main house for $71,500 Gross per year

ABOUT THE PROPERTY

MAIN HOUSE - 2 bedrooms downstairs with 1 shared bathroom with shower and toilet, big living/dining and kitchen open space.
On the first floor you have 3 bedrooms which is one master bedroom with WIR and ensuite
2 other bedrooms share 1 bathroom with double vanity, bath, shower and separate toilet

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 - $445 gross per week ($390 NET income)

Bed 1 - $320 gross per week ($265 NET income)
Bed 2 - $285 gross per week ($230 NET income)
Bed 3 - $285 gross per week ($230 NET income)
Bed 4 - $275 gross per week ($220 NET income)
Bed 5 - $210 gross per week ($155 NET income)

$1,820 per week, $94,640 GROSS per year
or
$1,490 per week, $77,480 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!!!

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.