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Knight Frank are pleased to present for sale the Hall & Prior-tenanted Residential Aged Care Facility located at 22 Morrison Road, Midland, Western Australia.
The key investment attributes of this opportunity are as follows:
- Passing net income of $1,168,337 p.a. plus GST* (aggregate across leases)
- Lease expiry 14 March 2038 with 10 + 10 year options
- 8,404 sqm* site area with significant redevelopment potential
- National Aged Care Tenant - Hall & Prior
- Licensed for 46 beds (configured for 43) with established care and support facilities
- Development agreement in place providing for a new aged care facility and long-term lease reset
- Zoned ‘Midland Strategic Regional Centre’ within the City of Swan LPS 17
*Approximate, as 29 August 2025
The facility provides secure long-term income with CPI-linked rent reviews and 10 + 10 year lease options, underpinned by Hall & Prior, a leading national aged care operator. The substantial 8,404 sqm* landholding offers both income stability and potential for future redevelopment.
Located in Perth’s eastern metropolitan corridor, Midland is a strategic growth hub anchored by major healthcare, retail and transport infrastructure, including the Midland Health Campus and Midland Gate Shopping Centre. Midland’s immediate catchment population is forecasted to expand by 62% by 2036. The number of households is expected to increase by 69.4% to 82,203.
22 Morrison Road, Midland, Western Australia is offered for sale by Expressions of Interest closing 4:00pm AEST, Thursday 23rd October 2025.
For more information, please contact the listed agents.
Remember to mention you found this property on CommercialReady
Knight Frank are pleased to present for sale the Hall & Prior-tenanted Residential Aged Care Facility located at 22 Morrison Road, Midland, Western Australia.
The key investment attributes of this opportunity are as follows:
- Passing net income of $1,168,337 p.a. plus GST* (aggregate across leases)
- Lease expiry 14 March 2038 with 10 + 10 year options
- 8,404 sqm* site area with significant redevelopment potential
- National Aged Care Tenant - Hall & Prior
- Licensed for 46 beds (configured for 43) with established care and support facilities
- Development agreement in place providing for a new aged care facility and long-term lease reset
- Zoned ‘Midland Strategic Regional Centre’ within the City of Swan LPS 17
*Approximate, as 29 August 2025
The facility provides secure long-term income with CPI-linked rent reviews and 10 + 10 year lease options, underpinned by Hall & Prior, a leading national aged care operator. The substantial 8,404 sqm* landholding offers both income stability and potential for future redevelopment.
Located in Perth’s eastern metropolitan corridor, Midland is a strategic growth hub anchored by major healthcare, retail and transport infrastructure, including the Midland Health Campus and Midland Gate Shopping Centre. Midland’s immediate catchment population is forecasted to expand by 62% by 2036. The number of households is expected to increase by 69.4% to 82,203.
22 Morrison Road, Midland, Western Australia is offered for sale by Expressions of Interest closing 4:00pm AEST, Thursday 23rd October 2025.
For more information, please contact the listed agents.
Remember to mention you found this property on CommercialReady
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