Description
23A & 23B Galena Way, Ferndale are duplex Pair represented by two lots sitting on a whooping R20 zoned 1248sqm block with two separate titles, is where all the action is! Keep it as is, or demolish and subdivide further subject to WAPC and City of Canning future schemes approvals – the options are endless!
You can:
Add some personal touches to the properties, and have your children/parents/ best mates live next door
- Subdivide the large block such as to comply with the relevant zoning requirements, and develop and/or sell each individual block
- Rent out each property. This amazing investment opportunity will sit nicely in your portfolio with a yield of approximately 4-4.3% (both currently rented for $590/week combined)
Why you should buy this property:
- a) Sits on a generous 1248sqm block, which is a rare find in this highly sought-after suburb
- b) Situated only 13KM away from the CBD
- c) Nestled in a quiet street on the border of Riverton
- d) Close proximity to well reputed primary (Bannister PS) and high schools (Lynwood HS)
- e) Easy access to public transport and is walking distance to a nature reserve
- f) Well situated next to many amenities (Riverton Leisureplex, Riverton Forum Shopping Centre, Carousel Shopping Centre …etc to name a few)
- g) Close to Curtin & Murdoch University
- h) Easy Access to major arterial roads (High Road, Leach Hwy, Nicholson Rd, Roe Hwy & Kwinana Freeway)
Features of each unit:
- solid double brick and tile construction, built in 1974
- 3 bedrooms & 1 bathrooms
- Living area
- Flooring a mixture of vinyl & carpet
- Single carport, but room for multiple cars
- Wall air-conditioning in one-unit, split system in the other
- Fully insulated
- NBN and sewer are connected
- Approximately 73sqm of floor area in each unit
- Large backyard but easily maintained
- Total council rates approx $2870, and water rates approx. $1820 for both.
- Pets permitted and no strata fee
This twin duplex may need some minor TLC and will be sold “as is”, but being in the highly sought-after suburb of Ferndale, it represents great value for the savvy investors or the astute buyers.
If you want to make your offers on each lot separately (could lead to some saving in Stamp duty payable), still this twin duplex must be sold TOGETHER and settlement of both to coincide. Won’t last, so be quick.
All offers are welcomed. Please express your interest via the “Expression of Interest” form (please ask for one), or give me a call.
Both properties are currently tenanted, viewing is by appointment only.
Should you have any questions, for further information or to arrange a viewing, please feel free to call George Hanna on 0413 484 667 or email: george@ghanna.com.au
