Midland

181 Great Eastern Highway, Midland, WA, 6056

Property Description

The property is prominently located on the south-western corner of Great Eastern Highway, a major arterial road, and Ferguson Street, approximately 20 kilometres east of Perth's central business district. Development in proximity to the property consists of office/warehouse premises together with retail showrooms along the Great Eastern Highway. The Midland Gate Regional Shopping Centre is located approximately 100 metres west of the property fronting the Great Eastern Highway. The Bunnings lease expired in September 2021. The property is leased to a Carco which operates as a car dealership. Carco is currently undertaking a major building expansion and has committed to a 10 year lease extension which will commence on the completion of the development in the first half of calendar year 2027.

Land area

24,204 m²

The total GLA/retail area

9,370 m²

Bunnings lease commencement date

5/9/2001

Current valuation

$22,700,000

Annual Rent

$1,610,865

Property Type

Large Format Retail / Other

Property Location

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