FOR SALE
$1,620,000 (GC) - Price Reduced

16 & 17/23 Railway Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 249m2
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Prime Office in the Heart of Subiaco - Join the Buzz!

Sterling Property is delighted to present an exclusive offering to purchase Lots 16 & 17, 23 Railway Road, Subiaco. This presents a fantastic opportunity for investors or future owner-occupiers to acquire a contemporary office space, currently under lease until 28th February 2025.
Positioned on Level 3, the 249sqm* office boasts excellent natural light, a modern industrial-style interior, and a spacious 36sqm* north-facing balcony. Built in 2015, 23 Railway Road is nestled in the heart of Subiaco, amidst the vibrant lifestyle, atmosphere, and entertainment hub.
This opportunity caters for investors however also businesses considering a move to the revitalised Subiaco in early 2025.
Currently leased to Design Management Group Pty Ltd at $110,355 net per annum, the fitout features an open-plan flexible workspace with raw, unfinished textures, creating a dynamic environment for clients and staff.
Additional highlights comprise high ceilings, a kitchen tea prep, waiting area, boardroom, meeting / office, a large open-plan area, printer / admin area, and a fantastic north-facing balcony. The building is equipped with End of Trip facilities.
Key Benefits:
• Suits investors or future owner-occupiers
• 249sqm* office
• 4 secure undercover car bays
• Passing net income $110,355 p.a. + GST
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Property Details for 16 & 17/23 Railway Rd, Subiaco

Building Type
Commercial
Floor Size
249m2

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About Subiaco 6008

The size of Subiaco is approximately 3.1 square kilometres. It has 12 parks covering nearly 5% of total area. The population of Subiaco in 2011 was 8,015 people. By 2016 the population was 9,188 showing a population growth of 14.6% in the area during that time. The predominant age group in Subiaco is 30-39 years. Households in Subiaco are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Subiaco work in a professional occupation. In 2011, 50.9% of the homes in Subiaco were owner-occupied compared with 52.4% in 2016.

Subiaco has 7,080 properties.

    There are currently 34 properties listed for sale, and 33 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Subiaco.

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