FOR SALE
$1,950,000

20/22 Railway Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 357m2
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Prime leased investment: 6.8% Net Return, 4 year WALE, modern building

RWC WA proudly presents a prime leased investment opportunity: modern second floor office space with an exceptional parking ratio in a prominent building.
Ideally located in a suburb experiencing a renaissance and surge in popularity, the property is just 400m* from Subiaco Train Station.
This strata office, part of a 2007 built multi level commercial building, features a reception, boardroom, meeting rooms, open plan area, spacious individual offices, two balconies with independent amenities, and abundant natural light. Leased to a financial services company with a strong WALE and option.
Property features:
• Net lettable 357sqm*
• 4 year lease + 4 year option
• Net income of $132,800pa
• 3% fixed reviews
• 10 car bays
For further information or to arrange an inspection please contact:
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Property Details for 20/22 Railway Rd, Subiaco

Building Type
Commercial
Floor Size
357m2

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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 7,069 properties.

    There are currently 36 properties listed for sale, and 32 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 391 properties were sold in the past 12 months in Subiaco.

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    Stephen Harrison
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    RWC WA
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