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52 The Crescent, Midland, WA, 6056

Properties / Buy / Western Australia / Midland

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Offers invited

Land Area

2,194 m² (*approx)

Floor Area

4030 m² (*approx)

Property Type

Offices, Retail, Other

Sub-type

Whole Building

Est. Income

$1,249,810 p/a

Fully Leased

State Government, Crust Pizza and Baskin Robbins

Car Spaces

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2. Property Highlights

Gateway commercial ppportunity

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 Street

The property is for sale by Offers Invited.

For further details or to arrange an inspection please contact the Agents:

Luke Pavlos

RWC WA

Mobile: 0408 823 823

Email: luke.pavlos@raywhite.com

Brett Wilkins

RWC WA

Mobile: 0478 611 168

Email: brett.wilkins@raywhite.com

* Approximate

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Dataroom

1. Property Summary

Property Type

Offices, Retail, Other

Sub-type

Whole Building

Est. Income

$1,249,810 p/a

Tenant

State Government, Crust Pizza and Baskin Robbins

Wale

2.02 years

Land Area

2,194 m² (*approx)

Floor Area

4030 m² (*approx)

Car Spaces

Selling Method

EOI

DOCUMENTS AVAILABLE

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Selling Details

Offers invited

2. Property Highlights

Gateway commercial ppportunity

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.

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 Street

The property is for sale by Offers Invited.

For further details or to arrange an inspection please contact the Agents:

Luke Pavlos

RWC WA

Mobile: 0408 823 823

Email: luke.pavlos@raywhite.com

Brett Wilkins