Co-Living Accommodation, 49 Lakeside Drive, Joondalup, WA 6027

CBRE, together with Burgess Rawson WA, are pleased to offer to market 49 Lakeside Drive, Joondalup WA, for sale via Expressions of Interest.        

This opportunity has the following key investment highlights:

+ Built in 2005, the property operates as a highly successful co-living accommodation establishment.
+ Comprising 58 bedrooms and bathrooms - 8 studios, 6 lofts and 44 bedrooms plus 8 living rooms, 8 kitchens, 8 laundries and 8 double garages, all on one freehold title.
+ Situated within the Edith Cowan University Joondalup Campus precinct, home to 17,000+ full-time enrolled students. (3)
+ Diversified and consistent income stream derived from 58 lodgers.
+ High-profile Lakeside Drive position with exposure to more than 58,800 vehicles passing weekly. (1)
+ Absolute CBD location with Bunnings, The Good Guys, Fantastic Furniture and Lakeside Joondalup within 1.25km.* Lakeside Joondalup is Perth's premier shopping destination with 10.6 million annual visitors, anchored by ALDI, Coles, Woolworths, Myer and Big W. (2)
+ Cosmopolitan retail and dining precinct with a wide variety of outlets, excellent restaurants and cafés. (4)
+ Exceptional lifestyle amenities including 17km* of pristine coastline, 300+ parks and reserves (including Yellagonga Regional Park), sporting grounds, play spaces and the Whitfords Nodes Health and Wellbeing Hub. (4)
+ City of Joondalup: home to 176,595 residents. As Perth's northern corridor hub, it hosts the Joondalup Health Campus and numerous attractions, establishing it as one of Perth's most livable locations. (5)
+ Net Income: $629,145 pa*

Expressions of Interest closing 5:00pm (AEDT) 13th November 2026.

Please contact the exclusively appointed sales team for more information.

* Approx
1 GapMaps
2 Vicinity Centres
3 ABC
4 City of Joondalup
5 .id