Land/Development for Sale

55 Lynn Street Trigg, WA 6029

Under Contract

Building: 550m²
Land: 1,977m²

Contact the agent if you'd like further information.

Enquire with Agent

Land/Development for Sale in Trigg

In One Line beachside apartment complex | 500m to Trigg Beach

Building: 550m²
Land: 1,977m²

Next Steps:

Enquire with agent

RWC WA proudly presents 55 Lynn Street, Trigg - a fully leased, refurbished 11-unit coastal apartment complex positioned less than 500 metres from Trigg Beach, offered for sale with 100% freehold ownership of all the units.

Located in one of Perth's most tightly held beachside suburbs, delivering immediate cash flow with clear reversionary upside.

Highlights:

10 x 2 bedroom apartments with circa 50m² internal living each
1 single bedroom apartment with circa 39m² internal living area
Fully tenanted
Current gross income: $352,820 p.a.
Projected gross income following rent reviews $382,200 p.a.
Fully refurbished throughout - new kitchens, bathrooms, flooring, AC, solar
Low maintenance investment and minimal near-term capital expenditure anticipated
Future development potential (STCA)

Land Area: 1,977m² corner site

Dual Street Frontage (38 metres to Lynn Street and 37 metres to Kitchener St)

Leasing Potential:

All 11 leases scheduled to expire progressively between July 2026 and May 2027
The staggered expiry profile provides opportunity to actively reposition rents in line with market growth
At reversion, each 2-bed unit targets $680/week - precisely at Perth's current median unit rent ($680pw, REIWA 2025) and well-supported by a 0.5% vacancy rate (SQM Research, March 2026).

Perth's unit sector is forecast to deliver 15-20% price growth in 2026 (REIWA), driven by acute supply constraints and affordability-driven demand shifting from houses into apartments.

This asset offers investors a rare combination: income security, imminent rental growth, and an irreplaceable coastal address which supports constant lifestyle-driven tenant demand.

For Sale by Expressions of Interest closing 3rd June 2026
Contact the exclusive selling agents:

Stephen Harrison - Joint Managing Director | +61 421 622 777
Brett Wilkins - Director of Capital Markets | +61 478 611 168

Building:

550m²

Land:

1,977m² / 0.49 acres

Zone:

R20

Tenancy:

Tenanted

Categories:

Land/Development, Other

Next Steps:

Enquire with agent

Share:

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply