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

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

Contact the exclusive selling agents:

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

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.