52 The Crescent

Midland WA 6056

RWC WA is please present for sale, Cale House, 52 The Crescent, Midland, a three level A grade commercial office building, with ground level retail comprising a total net lettable area of 4,030sqm*.The property is prominently positioned at the intersection of Cale Street and The Cresent, directly opposite Midland Gate Shopping Centre in the heart of Midland. This multi tenanted asset provides a diverse income stream anchored by blue chip occupants including State Government, Crust Pizza and Baskin Robbins. The property has a net passing income of $1,249,807p.a and a short term WALE of 2.02 years (based on area) providing a unique opportunity for owner occupiers or an astute investor to reposition the asset for future capital gains.Property highlights:- A grade office/ retail development- Building area 4,030sqm* (NLA)- 67 secure basement bays Including two accessible bays- Net passing income $1,249,807 pa (based on 98% occupancy)- WALE of 2.02 years (based on area)- Office tenant (2,990sqm*) to vacate February 2025- Opportunity for owner occupies to secure their corporate headquarters, or investors to re-let or reposition at market reversions /or a combination of both- Large office floor plates with central service core allowing for flexibility in subdivision- High quality office fitout- Gateway Satellite City servicing Perth's the eastern corridor- Highly sort after by Not for Profits, Government Agencies, Health and Age Care providers- New train station relocation to Cale StreetThe property is for sale by Offers Invited.For further details or to arrange an inspection please contact the Agents:Luke PavlosRWC WAMobile: 0408 823 823Email: luke.pavlos@raywhite.comBrett WilkinsRWC WAMobile: 0478 611 168Email: brett.wilkins@raywhite.com* Approximate