FOR SALE
$2,250,000 (Going Concern)

6, 7 & 8/23 Railway Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 338m2
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Exceptional Subiaco Opportunity - New York Style Office

Sterling Property are pleased to exclusively offer Lots 6, 7 & 8, 23 Railway Road, Subiaco, a fantastic opportunity for future owner-occupiers or investors.
The property situated on Level 1 comprises 338sqm* of internal area, a 74sqm* terrace / balcony and 6 undercover secure car bays. Now is the time to join the buzz of Subiaco which staff and clients love being amongst the lifestyle, atmosphere, convenience and entertainment.
The property is available on a 24-36 month leaseback to MJA Studio who are an award winning design studio based in Perth & Melbourne.
Located in the very heart of Subiaco, this office benefits from an ultramodern designed fitout. Fitout features include an open plan environment of 36 workpoints, high ceilings, large kitchen & breakout space, waiting area, boardroom and meeting rooms, reception / waiting area, printer / admin area. The building also enjoys End of Trip facilities.
Key Benefits:
• Suits future owner-occupiers or investors
• 338sqm* office
• 6 secure undercover car bays
• South-facing 74sqm* terrace / balcony
• Net income $161,650 p.a. + GST
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Property Details for 6, 7 & 8/23 Railway Rd, Subiaco, WA 6008

Building Type
Commercial
Floor Size
338m2

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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 7,094 properties. Over the last 5 years, Houses in Subiaco have seen a 61.02% increase in median value, while Units have seen a 57.22% increase. As at 31 October 2024:

  • The median value for Houses in Subiaco is $1,850,686 while the median value for Units is $682,891.
  • Houses have a median rent of $1,000 while Units have a median rent of $650.
There are currently 54 properties listed for sale, and 32 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 400 properties were sold in the past 12 months in Subiaco.

Suburb Insights for Subiaco 6008

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Brian Neo
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Jack Bradshaw
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Sterling Property Co
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Disclaimer
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.