SOLD
Sold on 10 Aug 2024 for $770,000

3/146 Great Eastern Highway
Midvale WA 6056

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 243m2
Land area: 243m2
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Property Details for 3/146 Great Eastern Hwy, Midvale

Building Type
Commercial
Year Built
1990
Floor Size
243m2
Land Size
243m2
Local Government
Swan
Lot/Plan
3/S062807

Last Listing description (February 2022)

Choose your yield and put an Offer in today. With a fair market rent, a long term tenant and a brand new three year lease, this fantastic strata titled investment is ready for the investor market.The existing tenant for the past 5 years, Solomon's Flooring, has signed up to a brand new 3 year lease expiring 30 April 2024.Located on Great Eastern Highway, this 243sqm Strata Showroom with double door shop fronts and large signage both on the pylon sign and on the strata building is exposed to a high passing traffic count of 27,500+ cars per average weekday.The well presented showroom forms part of a four unit strata complex which includes 47 shared car bays. The rear roller door is accessible via a rear laneway.Adjoining tenants include: LaNoir Saddleworld, Work Clobber, Auto One Midland, WA Pool Warehouse, Saddleworld and The Watershed Water Systems.Strata Area: 243sqm.Price point: Offers InvitedCurrent Rent: $46,785.72 pa net + GSTOutgoings: $15,900.00 pa + GST - Paid by tenantAvailable: NowContact Jonathan Kilborn or Shannon Swarts to arrange an inspection

Property History for 3/146 Great Eastern Hwy, Midvale, WA 6056

A timeline of how this property has performed in the market
Last Sold
$770,000
10 Aug 2024
Listed for Rent
01 Apr 2016
  • 10 Aug 2024
    Sold for $770,000
  • 22 Nov 2021
    Sold for $680,000
  • 10 Jul 2019
    Listed for Sale $650,000
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About Midvale 6056

The size of Midvale is approximately 3.2 square kilometres. It has 4 parks covering nearly 12.9% of total area. The population of Midvale in 2011 was 1,517 people. By 2016 the population was 1,502 showing a population decline of 1.0% in the area during that time. The predominant age group in Midvale is 20-29 years. Households in Midvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midvale work in a labourer occupation. In 2011, 48.9% of the homes in Midvale were owner-occupied compared with 50.5% in 2016.

Midvale has 2,210 properties. Over the last 5 years, Houses in Midvale have seen a 123.33% increase in median value, while Units have seen a 85.02% increase. As at 31 October 2024:

  • The median value for Houses in Midvale is $624,107 while the median value for Units is $469,640.
  • Houses have a median rent of $620 while Units have a median rent of $345.
There are currently 32 properties listed for sale, and no properties listed for rent in Midvale on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Midvale.

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