DERELICT for years, the old Midway Taxi rank site at 387 Oxford Street has sold for $9.1 million.
It was off the market for 35 years, owned by the Midway Taxi Management since 1985, and vacant for most of the past decade.
The site is currently only used by an occasional group of skaters for moody urban photoshoots, and is likely to be developed in the near future, being marketed as “an outstanding development site” in one of Vincent council’s district centre zonings.
We don’t know yet who the new owner is, aside from them being an international investor with a history in the Perth property market.
Sold by Burgess Rawson, the company said it had received 50 enquiries which led to multiple offers for the property.
Burgess manager Luke Randazzo says: “This is one of the last significant underdeveloped sites on the strip of this size and represents an important piece of the history of Oxford Street.”
Burgess Rawson director Chris Tonich commented: “The future development of the site will greatly assist with the activation of the Scarborough Beach Road/Oxford Street Entertainment Precinct which has become one of the busiest and most vibrant high streets in Perth.”