SOLD
Sold on 24 Nov 2023 for $500,000

35 Victoria Street
Midland WA 6056

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 124m2
Land area: 1023m2
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Property Details for 35 Victoria St, Midland

Building Type
Commercial
Year Built
1950
Floor Size
124m2
Land Size
1023m2
Local Government
Swan
Lot/Plan
25/P001061

Last Listing description (January 2024)

CHARACTER BUILDING ON 1,022m - MIXED USE & LOADED WITH DEVELOPMENT POTENTIAL
Do not miss this RARE OPPORTUNITY to secure this PRIME INVESTMENT property in the heart of Midland, within walking distance of Midland Railway Station, the Retail and Business Centre, Midland Gate Shopping Centre right on the doorstep of a huge catchment area for the immediate area of the hills and foothills.

Comprising:

-Total land area 1,022m
-A character brick cottage (approx. 150m) with a beautifully fitted & furnished reception & waiting area, 4 consulting rooms, a powder room and a kitchen/pantry PLUS an outbuilding (approx. 16m)
-Plenty of on-site parking.
-Currently leased until 31 March 2024 with an option to renew for an additional 1 or 5 years
-Zoning: The property is located within the Victoria Precinct of the Midland Redevelopment Project Area and is subject to the METRONET East Redevelopment Scheme . Under the Scheme there are no specific zonings, all land use permissibility's and development requirements are assigned based on precinct and are detailed in the Midland Redevelopment Area Design Guidelines - please contact us for more details.
-The property is not a heritage listed property under the Midland Redevelopment Heritage Inventory.

A PERFECT OPPORTUNITY to continue to earn income whilst your development plans are set in motion and are finalised OR "land bank" until you are ready to develop and fully maximise the property's potential.

Do not let this opportunity slip - call Angela Padula or Emily Tan now for more information or to view!

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Property History for 35 Victoria St, Midland, WA 6056

A timeline of how this property has performed in the market
Last Sold
$500,000
24 Nov 2023
Listed for Rent
$4.79k/w
01 Dec 2020
  • 24 Nov 2023
    Sold for $500,000
  • 06 Jul 2023
    Listed for Sale Offers from $1m
  • 06 Dec 2019
    Listed for Rent $250,000 / year
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About 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.
There are currently 60 properties listed for sale, and 22 properties listed for rent in Midland on OnTheHouse. According to CoreLogic's data, 403 properties were sold in the past 12 months in Midland.

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