- Retail shops and offices
- Improvements 891sqm*
- Land area 1,012sqm
- Potential owner occupier for part first floor or value add
- Current net income $83,367* pa
- Future development potential
Introduction
Burgess Rawson is pleased to offer for sale 8 Old Great Northern Highway, Midland. This leased investment offers a mix of retail and office tenants with capacity to increase the net income by leasing the vacant areas (284sqm*) and future development potential.
Location
The property is located in a prominent position on Old Great Northern Highway, Midland.
Land Details
Lot 124 on Plan 3298 Certificate of Title Volume 1292 Folio 832.
Improvements
Comprises a two storey 891sqm* commercial building with multiple established tenancies and several internal capital improvements including a lift and refurbished toilet facilities.
Land Area
1,012sqm
Building Areas
Ground floor 606sqm*
First Floor 285sqm*
Total Area 891sqm*
Zoning
The property is zoned Midland Strategic Regional Centre by the City of Swan.
Tenancy Details
The property is currently leased to 6 tenancies with 1 ground floor and 2 first floor areas vacant. Refer selling agent for for further details.
Asking Price
From $950,000 (GST Going Concern)
*Approx
