Sold In May 2023
Leased Investment - St John of God
23 Old Great Northern Highway, MIDLAND WA 6056
What to like
Income Producing Asset. Located in what is known as Midland's 'West End', this property offers a distinct advantage with strength of the covenant and also the associated uses for the site. This is a stand alone building offers convenience with a flexible work space, being just a short walk to the Midland Train Station and Midland free Bus shuttle network CURRENT TENANT Midland Head to Health This is a government ...
Income Producing Asset.
Located in what is known as Midland's 'West End', this property offers a distinct advantage with strength of the covenant and also the associated uses for the site.
This is a stand alone building offers convenience with a flexible work space, being just a short walk to the Midland Train Station and Midland free Bus shuttle network
CURRENT TENANT
Midland Head to Health
This is a government initiative pilot program which is being run by St John of God Outreach Services (*SJOG)
Current term expires 30 June 2028
There are Five further option of 1 years each.
Current Rent $81,272.00 PA plus Outgoings & GST
Annual Rent Reviews:
1st Sept each until September 2027
1st July each year from 2028
Land approx. 1,009 sqm
Building approx. 625 sqm (base building)
The lease also contain a covenant that WAPHA (WA Primary Health Alliance) can take over the lease and property should SJOG not continue to run the program.
WA Primary Health Alliance is part of the Australian Government’s National Primary Health Network (PHN) program
For full details regarding this site including 3D Tours and Information Memorandum (IM) please contact Cambell Giles.
SALES CONTRACT
This property is offered via Set Date Sale - Closing 22 March 2023 at 2pm AWST
All Offer will be presented to the Board at the same time
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Located in what is known as Midland's 'West End', this property offers a distinct advantage with strength of the covenant and also the associated uses for the site.
This is a stand alone building offers convenience with a flexible work space, being just a short walk to the Midland Train Station and Midland free Bus shuttle network
CURRENT TENANT
Midland Head to Health
This is a government initiative pilot program which is being run by St John of God Outreach Services (*SJOG)
Current term expires 30 June 2028
There are Five further option of 1 years each.
Current Rent $81,272.00 PA plus Outgoings & GST
Annual Rent Reviews:
1st Sept each until September 2027
1st July each year from 2028
Land approx. 1,009 sqm
Building approx. 625 sqm (base building)
The lease also contain a covenant that WAPHA (WA Primary Health Alliance) can take over the lease and property should SJOG not continue to run the program.
WA Primary Health Alliance is part of the Australian Government’s National Primary Health Network (PHN) program
For full details regarding this site including 3D Tours and Information Memorandum (IM) please contact Cambell Giles.
SALES CONTRACT
This property is offered via Set Date Sale - Closing 22 March 2023 at 2pm AWST
All Offer will be presented to the Board at the same time
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Get to know the area
While care is taken, this information is sourced from third parties and public sources, and areas and distances are approximate.
Buyers should conduct their own investigations, as no warranty is given, and details may change.
Who to talk to
Book an inspection
By submitting your enquiry you agree to our privacy policy and terms and conditions.