38 Subiaco Square RoadSubiaco WA 6008
Property Details for 38 Subiaco Square Rd, Subiaco
Last Listing description (July 2024)
+ Prime site next to Subiaco Station+ Tenant pays all outs incl land tax+ Fixed 4% rent increase annuallyBurgess Rawson is pleased to offer to the market the leased investment Grill'd restaurant at Subiaco Square Road, Subiaco (Perth), WA for sale via our Investment Portfolio 169.The property has the following investment highlights:+ Brand new five (5) year Grill'd head office lease to October 2028 plus options to 2038+ Strong and certain rental growth with fixed 4% rent increases annually+ Investor preferred net lease terms with Grill'd paying all usual outgoings including land tax+ Strategic inner-metro location, situated next to Subiaco Train Station, with 14,384 travellers passing daily and the main thorough fare through to Rokeby Road+ Grill'd: Established in 2004 and successfully operating for 20 years with 170+ stores and 4400+ employees nationwide (1)+ State-of-the-art restaurant fitted out to Grill'd latest corporate design and layout+ High-profile 232sqm* corner restaurant with substantial 58m* combined frontage and exposure (2)+ Situated within close proximity to Subi Square and Marketland Subi Shopping Centres anchored by Woolworths, Coles, BWS, Target and Subway+ Subiaco: Affluent inner-metro Perth suburb, with a median house price of $1,620,000 (3)+ Western Australia experienced the highest growth in housing prices nationally in the last 12 months, registering a 16.32% increase (4)+ Net Income: $103,626 pa* + GSTTo be sold by Investment Portfolio Auction (unless sold prior):10:30am AEST Wednesday 26 June 2024Crown Casino, Melbourne*Approximately1 - Grill'd2 - Gapmaps3 - Realestate.com.au4- PropTrack Home Price Index
Property History for 38 Subiaco Square Rd, Subiaco, WA 6008
- 01 Jul 2024Sold for $1,847,000
- 12 Jun 2024Listed for Sale Portfolio Auction
- 31 Mar 2003Sold for $880,000
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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 7,101 properties. Over the last 5 years, Houses in Subiaco have seen a 62.30% increase in median value, while Units have seen a 50.12% increase. As at 31 August 2024:
- The median value for Houses in Subiaco is $1,850,466 while the median value for Units is $655,759.
- Houses have a median rent of $1,000 while Units have a median rent of $650.
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