17/23 Railway RoadSubiaco WA 6008
Property Details for 17/23 Railway Rd, Subiaco
Last Listing description (November 2024)
Sterling Property is delighted to present an exclusive offering to purchase Lots 16 & 17, 23 Railway Road, Subiaco. This presents a fantastic opportunity for investors or future owner-occupiers to acquire a contemporary office space, currently under lease until 28th February 2025.
Positioned on Level 3, the 249sqm* office boasts excellent natural light, a modern industrial-style interior, and a spacious 36sqm* north-facing balcony. Built in 2015, 23 Railway Road is nestled in the heart of Subiaco, amidst the vibrant lifestyle, atmosphere, and entertainment hub.
Currently leased to Design Management Group Pty Ltd at $110,355 net per annum, the fitout features an open-plan flexible workspace with raw, unfinished textures, creating a dynamic environment for clients and staff.
Additional highlights comprise high ceilings, a kitchen tea prep, waiting area, boardroom, meeting / office, a large open-plan area, printer / admin area, and a fantastic north-facing balcony. The building is equipped with End of Trip facilities.
Key Benefits:
Suits investors or future owner-occupiers
249sqm* office
4 secure undercover car bays
Passing net income $110,355 p.a. + GST
Outgoings payable by Tenant
Annual rent reviews
Leased until 28th February 2025
2015 built modern mixed-use building
Fantastic central Subiaco location
Contemporary industrial style fitout
Excellent natural light
North-facing 36sqm* balcony
End of Trip facilities within building
Location:
Situated on Railway Road with ample street parking, just five kilometers from the Perth CBD, Subiaco is easily accessible via the Perth to Fremantle train line, with the train station less than 100 meters away. The property at 23 Railway Road is strategically positioned in Subiaco's bustling town center, providing an ideal base to explore all that the suburb has to offer.
Moreover, it is within walking distance to One Subiaco retail / food & beverage precinct, the Subiaco Hotel and various other hospitality and amenity offerings. Subiaco thrives as a vibrant neighbourhood during the day, offering a friendly cosmopolitan atmosphere, and transforms into a lively hub at night, attracting locals and visitors to its restaurants, pubs, shopping, and the Regal Theatre.
Asking Price: $1,620,000 (Going Concern)
Contact Information:
For further details or to request the information memorandum please contact the Exclusive Selling Agent Jack Bradshaw
Phone: 0439 095 336
Email: jbradshaw@sterlingproperty.au
Property History for 17/23 Railway Rd, Subiaco, WA 6008
- 17 May 2024Sold for $799,000
- 14 Dec 2023Listed for Sale $1,695,000 (Going Concern)
Recent sales nearby
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0About 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 7,441 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.
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