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Sold on 28 Jun 2019

8-10 Old Great Northern Highway Midland WA 6056

  • Offices
  • 1,012 m²
  • Sold

Leased Investment

    - 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

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Property Highlights

    Property ID2014924303
    Date Sold28 Jun 2019
    Floor Area1,012 m²
    Land Area1,012 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Category
    Last updated  1 Jul 2019
    Map for 8-10 Old Great Northern Highway Midland WA 6056
    Map for 8-10 Old Great Northern Highway Midland WA 60568-10 Old Great Northern Highway Midland WA 6056
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Property Highlights

    Property ID2014924303
    Date Sold28 Jun 2019
    Floor Area1,012 m²
    Land Area1,012 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Category
    Last updated  1 Jul 2019
    Burgess Rawson
    Level 10 225 St. George's Terrace Perth WA 6000
    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Ask Rob Selid about this property

    Rob Selid

    Rob Selid

    Burgess Rawson

    Luke Randazzo

    Luke Randazzo

    Burgess Rawson

    0412 *** ***
    0412 198 294

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