123 Thomas Street, Subiaco, WA 6008 | Commercial for sale | OnTheHouse
 
FOR SALE
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123 Thomas Street
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1617m2
Land area: 1775m2
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High-exposure Subiaco corner investment

RWC WA proudly presents 123 Thomas Street, Subiaco for sale.
123 Thomas Street represents a fantastic hold-and-improve and/or future development opportunity.
Positioned within one of Perth's most tightly held inner-western suburbs, approximately 4km* from the CBD, the high-exposure corner configuration and scale of the landholding are increasingly rare within this precinct.
Strategically located along Thomas Street, the site enjoys consistent vehicle movements, excellent accessibility and proximity to major employment, medical, residential and commercial catchments including West Perth, St John of God Subiaco Hospital and the Subiaco town centre.
Property Highlights:
• Freehold land comprising 7 lots
- Land Area 1,755.71m²
- The property is improved with ~1,415m² * of building area
• Leased by 3 established operators
- Vibe Fuel
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Property Details for 123 Thomas St, Subiaco

Building Type
Commercial
Floor Size
1617m2
Land Size
1775m2
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About Subiaco 6008

The size of Subiaco is approximately 3.1 square kilometres. There are 12 parks, covering nearly 5.0% of the total area. The population of Subiaco in 2016 was 9202 people. By 2021 the population was 9940 showing a population growth of 8.0% 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 2021, 52.80% of the homes in Subiaco were owner-occupied compared with 52.40% in 2016.

Subiaco has 7,458 properties. Over the last 5 years, Houses in Subiaco have seen a 56.79% increase in median value, while Units have seen a 66.85% increase. As at 31 August 2026:

  • The median value for Houses in Subiaco is $2,286,433 while the median value for Units is $877,168.
  • Houses have a median rent of $1,200 while Units have a median rent of $750.
There are currently 49 properties listed for sale, and 17 properties listed for rent in Subiaco on OnTheHouse. According to Cotality's data, 355 properties were sold in the past 12 months in Subiaco.

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Brett Wilkins
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RWC WA
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