1/23 Railway Road, Subiaco, WA 6008 | Property Value & History | OnTheHouse
OFF MARKET

1/23 Railway Road
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 105m2
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Property Details for 1/23 Railway Rd, Subiaco

Building Type
Commercial
Year Built
2015
Land Size
105m2
Local Government
Subiaco
Lot/Plan
1/S065969

Last Listing description (February 2026)

A standout opportunity for an experienced food and beverage operator to secure a proven hospitality site in one of Perth's most tightly held and vibrant precincts.Situated at 1/23 Railway Road, Subiaco, this tenancy is positioned just to the left of the northern end of Rokeby Road and moments from Subiaco Train Station, offering exceptional accessibility for both customers and staff. The surrounding area enjoys consistent foot traffic, strong local patronage and an established dining culture.The premises comprises approximately 90sqm and is currently home to an established and successful dessert bar, demonstrating the location's ability to support a thriving hospitality business. Under the current tenant, the tenancy is well equipped with an operational commercial kitchen. There is air conditioning and a security alarm, with the potential for some existing kitchen equipment to remain, subject to terms.Key features include: - Approx. 90sqm of internal lettable area - One (1) dedicated car bay via a stacker - Public parking immediately outside - High exposure position within a lively Subiaco pocketSubiaco continues to be one of Perth's most dynamic lifestyle destinations, supported by nearby offices, residential density, entertainment venues and excellent public transport links.This is an exciting opportunity to establish or expand a hospitality concept in a proven, high-performing location.Zoning - City Subiaco - CentreAnnual Lease $ Contact AgentAnnual Outgoings $19,955

Property History for 1/23 Railway Rd, Subiaco, WA 6008

A timeline of how this property has performed in the market
Last Sold
$1,113,200
20 Jul 2015
  • 10 Feb 2026
    Listed for Rent - Price not available
  • 24 Feb 2025
    Listed for Sale Not Disclosed
  • 07 Jul 2016
    Listed for Sale $1,715,000 + GST
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About Subiaco 6008

The size of Subiaco is approximately 3.1 square kilometres. It has 12 parks covering nearly 5.0% of 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 7,438 properties. Over the last 5 years, Houses in Subiaco have seen a 73.68% increase in median value, while Units have seen a 76.52% increase. As at 31 January 2026:

  • The median value for Houses in Subiaco is $2,176,350 while the median value for Units is $842,339.
  • Houses have a median rent of $1,100 while Units have a median rent of $750.
There are currently 33 properties listed for sale, and 20 properties listed for rent in Subiaco on OnTheHouse. According to Cotality's data, 437 properties were sold in the past 12 months in Subiaco.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.