Overview

For Sale by Expressions of Interest - Closing 5th March at 4pm (AWST)

This property, previously a bank and most recently a suit hire shop for 25 years, is strategically located at the corner of The Crescent and Helena Street, directly opposite the Midland Library and Old Midland Courthouse. It is just 60 meters from Centrepoint Shopping Centre and less than 500 meters from the new Midland Station.

The property features a 348m² freehold corner lot, which includes a 280m² internal ground floor area and a 97m² first floor with staff amenities. It is being sold with vacant possession, presenting an excellent opportunity for those looking to occupy, refurbish, or redevelop.

Key features include:

• Spacious open-plan shop area with high ceilings and potential for extension
• Secondary area with independent access, separated by partitioning from the main shop area
• Bank safe measuring 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: suitable for retail, consulting/business services, hospitality, and more

Zoning/Development:

The property is situated within the Midland West End Precinct, allowing for medium-scale urban development. Building heights are generally limited to 3-6 storeys (subject to development approval) with ground floor uses such as retail, offices, or cafes/restaurants to enhance street activation, with commercial/residential above. For more details, 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: $1,831.00

Please Note:

• Due to the age of the building, there may be asbestos present. Buyers are advised to conduct their own due diligence if this is a concern.
• While functional, the property requires some maintenance. A building report is available upon request, detailing current and future maintenance requirements.

For further information or to arrange an inspection, please contact the agents listed.

Location