326 Great Eastern HighwayMidland WA 6056
Property Details for 326 Great Eastern Hwy, Midland
Last Listing description (April 2022)
Savills and Burgess Rawson, as joint selling agents, are pleased to offer for sale The Automotive Collection - A Perth Metropolitan portfolio comprising four prominent car dealership properties, with a six year WALE, underpinned by Automotive Holdings Group Limited, a subsidiary of Eagers Automotive Limited.This car dealership portfolio is fully leased until July 2027, with options until July 2047. Consisting of prominent sites, this land rich portfolio comprises a total land area of 3.0445ha, annual rent of approximately $2,463,835 with an attractive net lease structure and 4% fixed annual rent reviews, except for ratchet market rent reviews capped at 15% every 5 years. Three of the the four properties are located in Rockingham with the forth being in Midland Town Centre.- 326 Great Eastern Highway, Midland WA- 1 Carlston Road, Rockingham WA- 8-10 Smeaton Way, Rockingham WA- 12 Smeaton Way, Rockingham WAThe properties are being marketed for sale by Expressions of Interest individually, or in one line, closing 2.00pm (AWST) on Thursday 2 September 2021. For further information on this outstanding investment offering, please contact the joint selling agents.
Property History for 326 Great Eastern Hwy, Midland, WA 6056
- 12 Aug 2024Sold for $8,020,000
- 02 Dec 2021Sold for $7,270,000
- 02 Aug 2021Listed for Sale Contact Agent
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0About Midland 6056
The size of Midland is approximately 4.4 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Midland in 2011 was 5,109 people. By 2016 the population was 5,974 showing a population growth of 16.9% in the area during that time. The predominant age group in Midland is 20-29 years. Households in Midland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midland work in a trades occupation. In 2011, 39.8% of the homes in Midland were owner-occupied compared with 37.7% in 2016.
Midland has 4,702 properties. Over the last 5 years, Houses in Midland have seen a 81.84% increase in median value, while Units have seen a 109.17% increase. As at 31 October 2024:
- The median value for Houses in Midland is $599,686 while the median value for Units is $450,157.
- Houses have a median rent of $525 while Units have a median rent of $505.
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