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 tenants.
+ 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) 13 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