293 Great Eastern HighwayMidland WA 6056
Property Details for 293 Great Eastern Hwy, Midland
Last Listing description (September 2023)
Midland Central Shopping Centre is an exceptional opportunity to buy a high performing 'daily needs' centre that is fully leased to three national tenants. The defensive nature of the tenants offerings, in addition to the high exposure location in the heart of Midland, provide for a stable income into the future for a potential purchaser.
Key selling features of the centre include:
- Located in the heart of Midland CBD, approximately 15km northeast of Perth CBD.
- Conveniently situated only 150m to Midland Train Station
- High exposure location with almost 30,000 passing cars per day*
- Fully leased to Dan Murphy's, IGA and Optimal Pharmacy
- Strong tenancy mix with national brands offering a defensive income stream
- 5.4 year WALE by income**
- Convenience based centre with flow through vehicle access from both Great Eastern Highway and Victoria Street
- Centralised carpark for 137 cars and an abundance of public street parking
Wayne Lawrence and Tim Scott of Cygnet West are marketing this exceptional opportunity by Expressions of Interest closing 4pm (AWST) Wednesday 8th March 2023.
Please contact the agents for more information.
*Mainroads WA Traffic Data (21/22 average Monday to Friday)
**approx.
Property History for 293 Great Eastern Hwy, Midland, WA 6056
- 09 Jun 2023Sold for $19,250,000
- 01 Feb 2023Listed for Sale Contact Agent
- 10 May 2012Sold for $12,300,000
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About Midland 6056
The size of Midland is approximately 4.4 square kilometres. There are 8 parks, covering nearly 6.8% of the total area. The population of Midland in 2016 was 5972 people. By 2021 the population was 6335 showing a population growth of 6.1% 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 $1000 - $1399 per month on mortgage repayments. In general, people in Midland work in a community and personal service occupation.In 2021, 34.60% of the homes in Midland were owner-occupied compared with 37.70% in 2016.
Midland has 4,849 properties. Over the last 5 years, Houses in Midland have seen a 113.24% increase in median value, while Units have seen a 133.28% increase. As at 30 April 2026:
- The median value for Houses in Midland is $815,839 while the median value for Units is $606,348.
- Houses have a median rent of $620 while Units have a median rent of $590.
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