Midland Central Shopping Centre is an exceptional opportunity to buy a high performing 'daily needs' centre that is fully leased to three national tenants. The defensive nature of the tenants offerings, in addition to the high exposure location in the heart of Midland, provide for a stable income into the future for a potential purchaser.
Key selling features of the centre include:
- $1,237,525 pa current net income**
- Located in the heart of Midland CBD, approximately 15km northeast of Perth CBD.
- Conveniently situated only 150m to Midland Train Station
- High exposure location with almost 30,000 passing cars per day*
- Fully leased to Dan Murphy's, IGA and Optimal Pharmacy
- Strong tenancy mix with national brands offering a defensive income stream
- 5.4 year WALE by income**
- Convenience based centre with flow through vehicle access from both Great Eastern Highway and Victoria Street
- Centralised carpark for 137 cars and an abundance of public street parking
Wayne Lawrence and Tim Scott of Cygnet West are marketing this exceptional opportunity by Expressions of Interest closing 4pm (AWST) Wednesday 8th March 2023.
Please contact the agents for more information.
*Mainroads WA Traffic Data (21/22 average Monday to Friday)
**approx.