4 Old Great Northern HighwayMidland WA 6056
Property Details for 4 Old Great Northern Hwy, Midland
Last Listing description (November 2024)
Central Midland LocationSet in Midland West End this multi-tenanted property offers not only the benefits from long standing tenants but also an eye to the future and what being apart of a Perth Major Region Hub has to offer.- Net income $97,217 per annum- 425 sqm* Net Lettable Area- 8 Tenants - Fully LeasedTenants:Hands Up Literacy & Numeracy ConsultantsGibson Raison Settlement AgentsJC Outside Settlement ServicesCitizens Advice BureauMidland Beauty BoutiqueGingers Hair StudioRi-Vive NutritionZoning:Midland Activity Centre - Midland West End - Mixed Use Retail / Commercial.For full Information and Memorandum please contact Cambell Giles.The subject property is sold as going concern. GST will not be applicable to the sale and the GST annexure will form part of the purchase contract.*Approximate
Property History for 4 Old Great Northern Hwy, Midland, WA 6056
- 27 Jun 2024Sold for $1,260,000
- 22 May 2024Listed for Sale $1,288,000 ( Going Concern )
- 09 Oct 2019Listed for Rent - Price not available
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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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