23a & b Galena Way Ferndale, WA 6148
$709,000-$739,000

DESCRIPTION

This Duplex Pair, 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:
1) Add some personal
touches to the properties, and have your children/parents/ best mates live next
door
2) Subdivide the large
block such as to comply with the relevant zoning requirements, and develop
and/or sell each individual block
3) 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 Reveal Phone or email: Send Message