28 (Lot 429) The Crescent, MIDLAND WA 6056
$249,000 + GST
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- 24 Apr 2017
Prime Mixed Use Development Opportunity
- Total land area 280sqm.
- Building height minimum of three storeys and maximum of four storeys.
- Active ground floor use with residential on upper floors.
- Vehicle access via Tuohy Lane.
- Alternative construction methodology preferred.
- Sustainability and Design Guidelines apply.
- Potential for MRA to purchase or lease (for five years) ground floor office space within the new development.
- Close to Midland Train Station, St John of God Public and Private Hospitals and GP Super Clinic.
- Walking distance to Centrepoint and Midland Gate Shopping Centre.
- Potential to jointly acquire and develop Lot 421, The Crescent.
Offers are now sought for one of the last available development sites situated on The Crescent within the Victoria precinct of Midland.
Located just 16 kilometres from Perth's CBD, Midland has become a thriving commercial centre for the eastern suburbs, Swan Valley and nearby regional centres. Midland is now a major growth suburb, having been identified as one of the Top 10 suburbs in Perth in 2015 and 2016 by Smart Property Investment magazine.
The Midland project is transforming the historic suburb through revitalisation works with more than $1.5 million being invested by the State Government and the private sector. The MRA has delivered new mixed-use developments incorporating residential, retail, office and community uses throughout the Midland city centre, along with award wining residential estates and public spaces.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
28 (Lot 429) The Crescent MIDLAND