53B Lakeside Drive, Joondalup WA 6027

MASSIVE $73,060 yearly rental return

EXPRESSIONS OF INTEREST ENDING 25/4/2022
Please contact us to book your private inspection

6 bedroom 5 bathroom main house with a completely separate 2 bedroom 1 bathroom studio above the 2 car lock up garage

This unreal investment is walking distance to everything! Including the Edith Cowan University Joondalup campus, Police Academy, Joondalup Train Station, Joondalup Hospital, Lakeside Joondalup Shopping Centre, community amenities and more

WHAT ARE YOUR OPTIONS?

-Reap the rewards of this property from the day you purchase it with a huge $73,060 per year rental return
-Live in the main 6 bedroom 5 bathroom house and rent out the separate 2 bedroom 1 bathroom studio for over $16,640 per year

-Live in the 2 bedroom 1 bathroom studio and rent out the main house for $56,056 per year

-Convert the studio to a perfect teenagers retreat or home office

-Big families? Or live in parents? Take advantage of the entire 8 bedroom 6 bathroom property and live in the same home without ever needing to cross over

ABOUT THE PROPERTY

Main house
4 upstairs bedrooms each boasting private en suites

2 additional downstairs bedrooms which share a seperate ensuite and seperate powder room toilet.

Studio is completely separate with private entrance and it located over the double garage complete with 2 bedrooms, 1 bathroom.


CURRENT LEASES
Studio - $320 per week, lease ending 2/6/22
1 - $175 per week, periodical, tenant has been there since 8/9/20
2 - $185 per week, lease ending 12/8/22
3 - $185 per week, lease ending 14/6/22
4 - $195 per week, lease ending 1/6/22
5 - $170 per week, lease ending 4/9/22
6 - $175 per week, lease ending 21/7/22
$1405 per week, $73,060 before expenses.

All tenants except room 5 have been there for over 2 years.

INFORMATION YOU'LL NEED
Council Rates - $2,784 per/year
Gas rates - $1,161 per/year
Water Rates - $1,509.12 per/year
Water Usage - $1,299.63 per/year
Electricity Rates - $349 per/year
Electricity Usages - $3,116 per/year

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.