FOR SALE
$4,200,000 (Going Concern)

Level 2/431 Roberts Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 18
Floor area: 746m2
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Contemporary Fitted Office with 18 Parking Bays in a Quality Building in the Heart of Subiaco

Sterling Property is delighted to present an exclusive offering to purchase Level 2, 431 Roberts Road, Subiaco. Secure a light-filled, contemporary office with a premium, ready-to-move-in fitout in a modern, high-quality four-storey building in the heart of Subiaco—saving you time and substantial fit-out costs amidst high construction costs.
With limited options of this size available on a single floor, this is an opportunity not to be missed. The tenancy can be easily divided to suit smaller owner-occupier needs while generating a potential income stream from leased areas.
It also presents an excellent opportunity for investors, as the Subiaco office leasing market continues to thrive and gain momentum. The property is currently leased to Cossill & Webley Engineers, with a lease expiry of 5th of June 2025. The property is available to occupy earlier, subject to negotiation.
Key Highlights:
• 746sqm* internal strata area
• 18 onsite car bays (14 undercover secure and 4 open bays)
• 994sqm* total strata area
• Net Passing Yield: 8.6% pa
• Current Net Income: $361,305.34 per annum
• Comprises the entire second floor of the 431 Roberts building
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Property Details for Level 2/431 Roberts Rd, Subiaco

Building Type
Commercial
Floor Size
746m2

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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, 399 properties were sold in the past 12 months in Subiaco.

Suburb Insights for Subiaco 6008

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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.