1-2/3 Stanhope GardensMidvale WA 6056
Property Details for 1-2/3 Stanhope Gdns, Midvale
Last Listing description (August 2024)
Realmark Commercial is pleased to present this unrivalled opportunity to obtain a high quality premises leased to national tenant. With a new 5-year lease secured at 2nd October 2023, this investment will provide the successful purchaser the security of a long-established Australian-owned franchise, and confidence in a sound commercial asset situated in a busy region of Perth's east-metro area. Details:Leased to Peter Stevens Motorcycles Pty Ltd. T/As Savage Suzuki5 year lease from October 2023 with two further 5-year optionsAnnual net rent $282,000 Exceptionally well maintained assetStrategic location with highway exposurePeter Stevens Motorcycles have been operating in Australia since 1987, and has eight stores across the country servicing the motorcycle and motorsports industry. A high-end retailer that has a proven record and reputation, this is an opportunity that the discerning investor would be wise to consider. For sale as a parcel of two lots, this sale will include both Lot 1 and Lot 2 within this three-lot strata. Situated at the intersection of Great Eastern and Roe Highways in Midvale, this is a major transport corridor spanning from the Perth region to the Goldfields & Wheatbelt regional areas.For more information on the particulars of this lease, and the benefits of this opportunity, contact Alex Taylor on 0439 443 191 today.
Property History for 1-2/3 Stanhope Gdns, Midvale, WA 6056
- 02 Feb 2024Listed for Sale $4,100,000 Going Concern
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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 2016 was 1494 people. By 2021 the population was 2283 showing a population growth of 52.8% in the area during that time. The predominant age group in Midvale is 30-39 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 trades occupation.In 2021, 66.20% of the homes in Midvale were owner-occupied compared with 50.50% in 2016.
Midvale has 2,403 properties. Over the last 5 years, Houses in Midvale have seen a 112.00% increase in median value, while Units have seen a 271.92% increase. As at 31 December 2025:
- The median value for Houses in Midvale is $713,190 while the median value for Units is $569,749.
- Houses have a median rent of $655 while Units have a median rent of $350.
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