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MIDLAND LAND OFFERING WILL APPEAL TO ALL TYPES

As published in The West Australian, Wednesday, 27th September 2017

A unique and expansive land-area consisting of 4,275 sqm in Midland’s thriving epicentre is likely to pique the interest of developers, investors and occupiers alike in one of WA’s fondly-regarded historical precincts.

Firmly secured as an evolving regional centre thanks to its modern ammenities and infrastructure, Midland continues to attract interest from potential property buyers who are keen to take advantage of the region’s excellent rail and transport linkages, medical facilities – such as the new St John of God Hospital (SJOGH) and Curtin University Medical School – as well as the newly developed Midland Gate Shopping Centre.

The existing site at 36 Railway Parade, is home to the Swan Christian Education Association which will be re-locating to newer premises later this year.

The building, set across three sections, is configured with multiple rooms and attractive high ceilings, which, according to Axia Corporate Property director – industrial, Rocco Demaio, is an attractive option for potential occupiers intending to use the site as a medical centre or related practitioner rooms, especially due to its location opposite SJOGH and key transport linkages.

However, Mr Demaio says the site is particularly unique due to its multiple development and income-earning opportunities, especially for investors and developers.

“The existing fit-out is very good, however there is room to improve other buildings which could be leased-out separately whilst waiting to develop the remainder of the site,” Mr Demaio says.
“Ultimately, an investor could lease the whole property out, or alternatively, occupy or lease some sections and upgrade others simultaneously. The land has extensive dual-road frontages with multiple entry points – each separate to each of the building’s three sections, allowing for ample on-site tenant and visitor parking,” he says.

“And although the existing building possesses real character qualities, an astute developer will likely look to longer term aspirations to either redevelop, or completely transform the site and leverage from the benefit of MRA up-site and use, allowing for multi-storey developments, with height limits,” he says.

Mr Demaio says all buyers will be drawn to Midland’s excellent road, rail and community amenities, together with an established commercial and residential culture.

The site is open to offers from Monday 18 September and closes on Thursday 19 October.