SOLD – 20 Victoria Street, Midland, WA 6056
Transact Capital is pleased to announce the highly successful “off market” sale of 20 Victoria Street, Midland WA.
The property offers future development upside under the current MRA zoning and is leased to the Tile Boutique.
Alex Gismondi managed the transaction through our extensive network of active and ready investors. The location was a strategic purchase being near to St John of God Hospital, Midland Gate Shopping Centre, Centre Point Shopping Centre, Midland train station and Midland Home (Large Format Retail Centre).
Midland is a major growth corridor with the suburb being identified as one of seven strategic city centres in the State Government’s planning policy, Directions 2031 and Beyond.
The limited supply of investment grade retail properties on the market is leading to further yield compression for blue-chip retail assets across the board. Furthermore the increasing confidence in the large format retail market and the associated lease covenants are driving significant yield compression in this market space.
If you are interested in selling or would like an appraisal on your property please contact Alex Gismondi on 0413 134 311 or Matt Palumbo on 0439 091 106.