Major Town Centre Asset - Government Lease Option
1 Midland Square MIDLAND WA 6056
Colliers International, on behalf of the Department of Planning, Land & Heritage ("DPLH"), as a part of the State of Western Australia’s Market-led Proposals Policy, are seeking Registrations of Interest for the purchase of this landmark building in the heart of this developing eastern corridor hub.
Midland is the strategic metropolitan centre for this north-east sub region, just 16 kilometres from the Perth CBD and is home to almost 12,000* workers. Midland is also home to Landgate, the State's largest Police complex and other Government agencies. The area has benefited from ongoing refurbishment and redevelopment including the new Swan Health Campus including St John of God Hospital and a broad range of impressive commercial and retail developments. The State Government has spent significant resources developing Midland via new commercial, residential, education and retail opportunities, and improved public transport and healthcare opportunities.
Land Area: 1.2307 hectares
Frontage to Morrison Road: 58.69 metres
Frontage to The Avenue: 62.21 metres
Frontage to Keane Street: 68.35 metres
This property is improved with three main office buildings – north, central and south, totalling approximately 18,500sqm of GFA.
Land Area: 3,693 square metres
Frontage to Morrison Road: 42.7 metres
This property is improved with an open air car park.
Innovative submissions are invited from industry, which may include, but are not limited to, the following scenarios:
Scenario 1 – Freehold sale of 1 Midland Square, including partial leaseback to the State totalling between 6,500 to 8,500m2 (Subject to completion of base build upgrades)
Scenario 2 – Freehold sale of 1 Midland Square, including partial leaseback to the State totalling between 11,500 to 13,500m2 (Subject to completion of base build upgrades)
Scenario 3 – Freehold sale of 1 Midland Square, subject to vacant possession.
Scenario 4 – Offer of alternative lease option to accommodate Landgate’s office requirements within Midland.
This opportunity has been offered under the State of Western Australia’s Market-led Proposals Policy. Further information on this opportunity is available on the TendersWA website, or via the Selling Agents .
This property is classed as BEEC exempt by the State Government.
Registrations close 2.30pm (AWST), Wednesday 11th September 2020.
For further details please contact the below Selling Agents.