192 Great Eastern Highway Midland WA 6056

Burgess Rawson is delighted to offer to the market Midland City MG at 192 Great Eastern Highway, Midland WA for sale via Private Treaty.

This property investment highlights include:

+ Twelve (12) year lease to 2030 plus options to 2055.
+ Substantial security with $462,343 Bank Guarantee.
+ Landlord-favourable, attractive net lease terms with the tenant responsible for outgoings including rates, land tax, insurance and maintenance.
+ Highly sought after Annual CPI plus 1% rent reviews.
+ 1,116sqm* of freestanding dealership incorporating showroom, office and workshop.
+ Landmark 3,617sqm* corner site (two (2) titles) with a combined 100 metres* frontage including 38 metres* along Great Eastern Highway
+ Exposure to 26,000 vehicles passing daily.
+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year.
+ Midland average number of vehicles per household is 1.9, well above the national average of 1.76.
+ Strategically located within the Midland dealership precinct, which is home to Kia, Suzuki, Hyundai, LDV, Nissan and more.
+ Midland: Growing residential precinct, 20km* from the Perth CBD, with population forecast to grow 44% by 2051.
+ Net income: $369,654 pa * + GST **

To be sold by Private Treaty.

Please contact the exclusively appointed sales team for more information.

WA Office
Brodie Keay 0403 552 809
Chris Carcione 0415 393 082
Richard Giorgi 0468 697 093

Melbourne Office
Raoul Holderhead 0413 860 304
Matthew Wright 0458 290 588

*Approx
** Includes COVID deferred income