One Title...Four Income Streams...Endless Upside!
If you've been waiting for an investment opportunity with genuine scale, flexibility and serious earning power, this is the one to move on.
60 & 62 Lakeside Drive, Joondalup residing on the same lot as multiple dwellings, must be sold as one, presenting a rare chance to secure four separate income streams across two part residences in one of Joondalup's most in-demand pockets. With a combined current return of $2,076 per week, this is a standout opportunity for investors wanting immediate income with plenty of future upside still on the table.
Each address offers a 3 x 2 main residence plus separate rear 1 bedroom studio above a double garage, creating a versatile setup that is already delivering strong returns, while also opening the door to a range of future strategies. With all current leases on a periodic basis, the next owner has the freedom to retain the excellent existing tenants, negotiate fresh lease terms, optimise the rental structure, or tailor the property to suit a high-demand student accommodation model.
And that's where this opportunity becomes even more compelling...
Positioned within walking distance to Edith Cowan University and North Metropolitan TAFE, and just moments from Joondalup's shopping, transport and health precincts, this is exactly the kind of location that attracts students, professionals and long term tenants year after year. Whether you're chasing a high performing set and hold investment, a strategic addition to your portfolio, or a unique income producing asset with multiple pathways for future growth, the possibilities here are hard to ignore.
Why this one demands attention -
- 60 & 62 Lakeside Drive sold together as one holding
- Same lot / one purchase
- Four separate income producing components
- Strong combined rental return of $2,076 per week
- All leases currently periodic, providing flexibility for the next owner
- Opportunity to retain and secure excellent existing tenants
- Ideal setup for student accommodation, co-living or multi-tenant leasing
- Rare opportunity in a proven high demand location
- Flexible investment with immediate income and future upside
- A standout addition to any portfolio in Joondalup's thriving education precinct
- Built 2000
Why location plays a huge part -
- Walking distance to Edith Cowan University Joondalup Campus
- Close to North Metropolitan TAFE and Joondalup's education precinct
- Minutes from Lakeside Joondalup Shopping City
- Easy access to Joondalup Train Station and public transport
- Close to Joondalup Health Campus
- Surrounded by cafés, restaurants, retail and everyday conveniences
- Convenient freeway access for easy connectivity north and south
This is not just a property purchase - it's an opportunity to secure scale, return and flexibility in one strategic move. With strong income already in place, leases offering immediate options, and a location perfectly suited to ongoing tenant demand, 60 & 62 Lakeside Drive is the kind of investment opportunity that savvy buyers know not to sit on for too long.
Viewings by appointment only due to tenancies - Contact Stephanie today.
**Please be advised internal images included are limited and not current due to tenancies in place, a viewing is always recommended.
