8 Alberta Pocket, Joondalup WA 6027

*** ANOTHER SOLD BY LINDSAY KING ***

If you are looking for a great investment opportunity in Joondalup City - then this is it.
Well presented, 4 bedrooms, 2 bathrooms, townhouse PLUS a fully self-contained 1 bed, 1 bath studio apartment offers a great opportunity to get into the investment market and potentially positively gear a property.
Prospective rental return is in excess of $950 per week. Incredibly that is over 7.6% rental yield. The average house rental yield in Joondalup is only 4.3% (REIWA).
In addition to that, Joondalup City offers a unique environment for students to "rent by the room" providing them with luxurious accommodation at an affordable price - whilst increasing the rental return even further for the Owner.
This property is located next to Edith Cowan University and the WA Police Academy and just a short walking distance to Joondalup CBD.

Townhouse:
• Large master bedroom has glass doors to a Juliet balcony, large walk-in robe, ensuite bathroom with double sized shower, toilet and vanity
• 3 additional bedrooms, each big enough for a king-sized bed, and most with large walk-in or built-in robes
• Huge kitchen with tons of bench and storage space, large walk-in pantry, dishwasher recess, electric oven, and gas cooktop with range hood
• 2 large living areas downstairs - one at the front of the house that could be converted into a 5th bedroom and one to the rear joining onto the kitchen and dining area, and courtyard access via glass doors
• Open plan living area upstairs - the perfect space for working from home
• Second bathroom featuring toilet, vanity, shower and bath
• Downstairs toilet provides a further toilet (3 in total)
• Laundry with large sink and comes with a washing machine
• Split System Air Conditioning
• Alarm System
• Tons of storage throughout the house in the large wardrobes, pantry, linen cupboard, bathroom cupboards and a big under stair storage area
• Overlooking the natural bushland surrounding Edith Cowan University
• Paved outdoor courtyard at the rear

Studio Apartment:
• Separate bedroom big enough for a king size bed, with large built-in wardrobe
• Overlooking the natural bushland surrounding Edith Cowan University
• Big kitchen with bench and storage space, pantry, cooktop, fridge/freezer and oven
• Open plan living and dining area
• Split system air conditioning and premium insulation
• The large bathroom features plenty of storage space, double sized shower, vanity and toilet
• Private and secure entrance directly from the garage that is separate from the main townhouse
• The clever design and construction results in a lot more living space than most apartments of this type in Joondalup and surrounds
• Alarm System
• Storage area underneath the stairs
• Plenty of power outlets throughout
• Zero maintenance required - just lock up and leave if you need to

Other Property Features
• Good sized secure double garage with remote controlled automatic door accessible via the rear laneway
• Street parking available
• Separate submeters for water, power and gas, so you can track all utility use and apportion charges accurately to each building / tenant
• The entire property has been well maintained and both buildings are ready to live in or rent out, with no further maintenance or capital works needed
• Townhouse already has a long-term tenant in place for the past 7 years on a fixed term lease paying $500 per week until 13/06/2023 and wishing to stay on.
• Studio Apartment already has a tenant in place on a fixed term lease paying $395 per week until 10/05/2024
• The rents on both buildings have been rising rapidly and are expected to keep increasing due to a range of factors, making it a very sound and highly profitable investment
• Both the main townhouse and studio apartment have proven to be extremely attractive to tenants - neither has never been vacant for more than a few days during each tenant changeover period since they were first rented in 2005
• Council Rates $ 2488.08 per year
• Built 2003
• This property is in the best location in central Joondalup - close to absolutely everything
• Next to Edith Cowan University and the WA Police Academy
• 5 - 10 minute walk to restaurants, bars, shops and services in Joondalup CBD
• 10 minute walk to Joondalup train / bus station and Lakeside Shopping Centre
• 12 minute walk to Joondalup Health Campus
• 2 minute drive to the Mitchell Freeway
• 5 minute drive to Wanneroo Road
• The Joondalup CAT stops directly in front of the property for free bus transport throughout Joondalup city
• Lake Joondalup, Yellagonga Regional Park, Neil Hawkins Park and Central Park are all within 5 - 10 minute walk away
• 10 minute drive to the beach

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.