9 The Crescent, Midland WA 6056

NAI Harcourts Metro, as exclusive selling agents, are pleased to present 9 The Crescent, Midland to the market For Sale.

Occupying a prominent corner position at the intersection of The Crescent and Stafford Street, this established multi-tenanted commercial investment presents an opportunity to acquire an income-producing asset with significant potential to enhance rental returns and explore longer-term redevelopment opportunities.

Comprising six individual tenancies across a diverse mix of retail and commercial occupiers, the property benefits from multiple income streams and an established tenant base. Currently generating approximately $73,247 per annum* in passing rental income (excluding GST), the investment provides an immediate income stream together with the opportunity to progressively improve returns through rental reviews, lease renewals and future leasing activity.

The existing rental profile presents an attractive value-add proposition, with several tenancies offering potential for rental growth towards prevailing market levels. An incoming purchaser has the opportunity to improve investment performance through active asset management while retaining the benefit of a diversified commercial holding.

The property also benefits from a prominent position within the established Midland commercial precinct, directly opposite Quest Midland and surrounded by substantial commercial, retail and mixed-use developments. With frontage to both The Crescent and Stafford Street, the property enjoys strong street presence and convenient access to the surrounding commercial amenities.

In addition to its existing income-producing profile, the property may offer longer-term redevelopment potential, subject to the applicable planning framework, site constraints and relevant approvals. Its position within the established Midland commercial centre, surrounded by substantial multi-storey development, provides an additional consideration for purchasers assessing the property's underlying land value and future potential.

Property Features

• Prominent corner position at The Crescent and Stafford Street.
• Established multi-tenanted commercial investment comprising six individual tenancies.
• Diversified rental income across multiple occupiers.
• Current passing rental income of approximately $73,247 p.a.* excluding GST.
• Significant potential for rental growth through future rent reviews and lease renewals.
• Established retail shopfronts with covered pedestrian verandah.
• Opportunity to enhance investment performance through active management.
• Potential longer-term redevelopment opportunity, subject to planning approval.
• Strong surrounding commercial and mixed-use development.

Location Features

• Prominent position within the established Midland commercial precinct.
• Directly opposite Quest Midland.
• Close proximity to Centrepoint Midland and Midland Gate Shopping Centre.
• Convenient access to Great Eastern Highway.
• Accessible to Midland Train Station and public transport.
• Surrounded by established retail, commercial, hospitality and service-based businesses.
• Approximately 20 kilometres east of the Perth CBD.

Investment Opportunity

9 The Crescent represents an appealing opportunity for private investors, experienced commercial property investors and investment groups seeking an established multi-tenanted commercial asset with existing income and identifiable value-add potential.

Combining diversified rental income, significant rental upside, prominent corner positioning and longer-term redevelopment potential, the property offers purchasers an opportunity to secure an established commercial holding within one of Perth's recognised metropolitan commercial centres.

For further information, a copy of the Information Memorandum or to arrange a site inspection, contact Dylan Croll on 0401 835 454 or Tony Romano on 0407 388 139.

Rental information is approximate, excludes GST and is subject to confirmation of current lease arrangements. Development potential is subject to planning assessment and relevant approvals.