FOR SALE
$2,200,000 (Net Return 7.5%pa)

188 - 198 Churchill Avenue
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 505m2
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Subiaco Investment - Net Return 7.5%pa

RWC WA presents for sale this modern leased commercial investment positioned in the heart of Subiaco.
This large format commercial office is fully leased to a major local "allied health" firm - the current net income is $165,420pa (rent & car bays income).
Positioned on Level 1 (top floor), 188 - 198 Churchill Avenue, Subiaco, the sizeable property comprises a main strata floor area of 505sqm, plus exclusive amenities (male & female & tea prep facilities) and comes with 13 car parking bays within a secure access basement.
Directly adjacent to the property is two council public car parks in addition to generous street parking.
Investment Summary
• Modern building within the heart of Subiaco
• 505sqm strata area* plus exclusive amenities
• 13 basement car bays - secure access basement
• Current lease term extends to 31/08/2026
• Net income $165,420pa* (includes car bay income)
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Property Details for 188 - 198 Churchill Ave, Subiaco

Building Type
Commercial
Floor Size
505m2

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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 7,073 properties.

    There are currently 34 properties listed for sale, and 33 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 388 properties were sold in the past 12 months in Subiaco.

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    Michael Milne
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    Brett Wilkins
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    RWC WA
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