An unparalleled opportunity in the very heart of Midland this property offers a superb retail opportunity with over 1,110m2 approx. of exceptional floor area, in excess of 25 car bays and super exposure in the very centre of the action.
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Key features;
- Land area 2,286sqm
- Two titles/two street frontage
- Building area 1,110m2 approx.
- Fully ducted air-conditioning
- Leased 5 X 5 X 5
- In excess of 25 car bays
This is a huge opportunity to acquire a strategic property with substantial holding income, and falls within the Victoria Precinct of Midland. Presenting the opportunity to redevelop with up to 11 stories of residential/commercial/retail use.
New 5 year lease to a national outdoor company of $115,500 p/a plus outgoings and 3% annual increases with demolition clause.
With Midland Gate Shopping Centre, the train station and the new hospital all within a couple of hundred metres, this property offers the prudent purchaser brilliant upside.
Suitable for all retail purposes, an ideal church, community centre or alternative uses.
Sale by Expressions of Interest, please call Mark Hay on 0418 953 742 to discuss further.