94 Reid Prominade, Joondalup WA 6027

HUGE TWO STOREY 3 X 2 APARTMENT + 105 SQM RETAIL PREMISES

Excellent opportunity to secure this blue-chip, dual income, investment property in the heart of Joondalup City, offering Multiple choices.

• Live in the apartment, (once vacant) and rent out the retail.
• Rent out both residential and retail.
• Live in the residential, work from the retail (on expiry of lease agreement).
• Rent out the residential, work from the retail (on expiry of lease agreement).

The retail property comprises a 105 SQM ground floor corner premises, currently tenanted and used as an office for children’s “Speech Therapy” It has a kitchen, WC, two external private parking bays. Excellent presentation inside.

The residential premises is located on the second and third floors, approximately 205 SQM of living space, its own private entrance and offers the following: -

• Three good size bedrooms all with built in wardrobes.
• Two bathrooms.
• Very large family living area.
• Two further living areas.
• Kitchen with ample bench and cupboard space.
• Ducted air-conditioning.
• Single lock-up garage and a private outdoor car bay.
• Ground floor storage.
• Freshly painted throughout.

***** No Strata fees are applicable to this property.******

The retail premises has a current lease to August 2024 and a further option to August 2027. The current rental return is $26,000.00 per annum ($2,192.00 per month).

The apartment currently returns $550.00 per week, leased until. January 2024.

Combined income is $54,600.00 per annum ($4,550.00 per month). 6.7% Yield!!

City Rates    $3,468.00 per annum.
Water service charges $3,102.00 per annum.