42-44 Helena Street

Midland WA 6056

Originally operated as a bank and, more recently, for the past 25 years as a suit hire shop, 42-44 Helena Street, Midland is prominently positioned on the corner of The Crescent and Helena Street, with broad street frontage. The property sits directly across from the Midland Library and Old Midland Courthouse, just 60m* from Centrepoint Shopping centre and less than 500m* from the new Midland Station.The 348m2 freehold corner lot includes 280m2* of internal ground floor area and a 97m2* first floor featuring staff amenities. The property is being sold with vacant possession and represents an excellent opportunity, whether you are looking to occupy, refurbish, or redevelop.Property features include:- Spacious and bright open-plan shop area with high ceilings and potential to extend- Secondary area with independent access, separated by partitioning from the main shop area- Bank safe - 8m2*- First-floor amenities including kitchenette, lunch/breakout area, storage, and male & female bathrooms- Air-conditioning and alarm system- Single undercover car bay- Flexible use: ideal for retail, consulting/business services, hospitality, and moreZoning/Development:The property is located within the Midland West End Precinct, which provides for medium-scale urban development. Building heights are generally limited to 3-6 storeys (STDA) with ground floor uses such as retail, offices, or cafes/restaurants to support street activation, with commercial/residential above. For more information, refer to the Midland Redevelopment Design Guidelines on the Development WA website.Outgoings:- Water Rates: $3,607.20- Council Rates: $6,153.57- Land Tax: $1,831.00Please Note:- Due to the age of the building, there is a chance of asbestos being present. Buyers are recommended to conduct their own due diligence if this is a particular concern.- While functional, the property is in need of some TLC. A building report is available upon request, detailing current and future maintenance requirements.For further information or to arrange an inspection, please contact:Tom JonesRWC WA0478 771 117tom.jones@raywhite.comLachlan BurrowsRWC WA0499 552 296lachlan.burrows@raywhite.com*Approx