FOR SALE
$1,850,000

17/100 Railway Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 363m2
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OUTSTANDING LEASED INVESTMENT OPPORTUNITY WITH 7.7% YIELD

Sterling Property is pleased to offer FOR SALE Unit 17, 100 Railway Road, Daglish. Positioned on the top floor of the Spectrum building, at the intersection of Hay Street and Railway Road, in the popular part of the Subiaco Commercial Precinct. The unit is within walking distance to the Subiaco Train Station, 3km from the Perth CBD and easily accessible from the Western Suburbs.
The unit has just been leased to a quality engineering tenant for a 5-year term. Commencing Net Rental is $142,455 pa + GST. Fixed annual increases of 4% per annum. $100,311 bank guarantee. Tenant pays for all outgoings.
Sale Price: $1,850,000 (Going Concern)
Strata Levies: $18,480 per annum
Council Rates: $10,601 per annum
Water Rates: $3,678 per annum
Land Tax: $862.50 per annum
For more information or to arrange an inspection, please contact the exclusive selling agents: Greg D'Arcy 0402 068 292 or Brian Neo 0411 868 486

Property Details for 17/100 Railway Rd, Subiaco

Building Type
Commercial
Floor Size
363m2

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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 7,093 properties. Over the last 5 years, Houses in Subiaco have seen a 62.10% increase in median value, while Units have seen a 56.20% increase. As at 30 September 2024:

  • The median value for Houses in Subiaco is $1,843,949 while the median value for Units is $676,210.
  • Houses have a median rent of $1,000 while Units have a median rent of $650.
There are currently 53 properties listed for sale, and 33 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 405 properties were sold in the past 12 months in Subiaco.

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Greg D'Arcy
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Brian Neo
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Sterling Property Co
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.