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FUTURE OF INVESTMENT / 3 story townhouse
Unique opportunities like this only rarely come around. Mixed zone commercial and residential
With 4 options available, you can choose which one fits you best!
Boasting dual commercial/residential zoning and nestled merely footsteps away from the heart of the vibrant Joondalup CBD, this unique tri-level property is essentially a low-maintenance townhouse on its top two floors, with the bonus of a versatile commercial space at ground level - be it a shopfront, collaborative setup or simply a home office, for those wanting to work and do business from under their own roof.
So if are you a doctor, lawyer, designer, physio or running a nail salon and looking for the best of both worlds, then this is it - including 290m2 - you find your place to live and work
It also viable investment opportunity where you can lease the spacious premise whilst enjoying separate access to the staircase that leads you up to your own two-storey home up above.
YOUR 4 OPTIONS:
* Live and work from home
or
* Rent commercial and live on 2 top floors
or
* Rent commercial and residential separately
or
* Rent whole property by rooms to the students!
Potential rental income around +$1,500/week which is $6,000 per month
Superbly located, the City of Joondalup offices are only a block away, as are the Joondalup Hospital, Government buildings and Lakeside Shopping Centre - all just a couple of blocks away. Situated on a leafy accessible street with loads of parking including 500 fully covered bays next door, every base is covered!
Ground Floor
The commercial ground floor comprises a large shopfront of approximately 86 m², ideal for an office with its own reception area, lobby, and large office space. It also includes a bathroom and storage space.
First Floor
The first floor features a residential building with a large, stunning living room, which opens onto a balcony surrounded by trees. From this room, you have access to the kitchen and a separate dining room, which is connected to an outdoor area, perfect for Saturday afternoon BBQ.
Second Floor
The second floor consists of 3 bedrooms, 2 bathrooms, and a family area.
The layout of this building is incredibly versatile - you decide what goes where!
NO STRATA FEES
---The commercial space is tenanted now until
30 September 2026 for $1,752 per month
Close to all amenities - shops, cafes, hospital, library, civic centre, library, offices buildings. Lakeside Joondalup Shopping Centre, together with the train station, buses and Cat bus are a short walk away
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.
Property features
-
Air conditioned
-
Garages
1
-
Carports
3
-
Floor area
290m2
Property snapshot by reiwa.com
This property at 90 Reid Promenade, Joondalup is a five bedroom, three bathroom townhouse listed for sale by Magda Grek at First Western Realty.
For more information about Joondalup, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Joondalup profile page.
If you would like to get in touch with Magda Grek regarding 90 Reid Promenade, Joondalup, please call 0406 647 779 or contact the agent via email.
Nearby schools
Joondalup overview
Joondalup is the thriving urban centre of Perth's outer northern suburbs. The city is named after Lake Joondalup and the name Joondalup is a Noongar word, first recorded in 1837 and possibly meaning either "place of whiteness or glistening", or "place of a creature that can only move backwards".
Joondalup's development is relatively recent having only begun in the 1980s, where rapid growth occurred until 2006 and then steadied between 2006 and 2011 as fewer new homes and dwellings were built. Joondalup's 11 square kilometre land area is primarily used for housing and institutional purposes, with some industry sectors in the west and a commercial area in the suburbs centre.
Life in Joondalup
Joondalup's City Centre is relaxed and casual with an alluring combination of cultural, civic and commercial areas built on the edge of Lake Joondalup. Residents and visitors to the area have an array of restaurants and cafes to choose from, as well as a major shopping centre with over 240 stores and a cinema. There is a university in the area, as well as a private hospital and numerous recreational facilities like an aquatic centre, basketball stadium and an arena. Local schools in the suburb include Joondalup Primary School and Lake Joondalup Baptist College.
Joondalup quick stats
High end
$1.2m
Median
$992k
Low end
$873k
16.3 %
Annual growth
$992k
Annual median sales price
$750pw
Annual median rental price
