3/47 Forrest Street

Subiaco WA 6008

Welcome to 3/47 Forrest Street Subiaco, a "Unicorn" of a property situated in the heart of bustling downtown Subiaco. Walking distance from the Rokeby Road retail precinct, bars, cafes, shops and minutes from train, bus & CAT bus transport links, the best of all worlds can be achieved from this one building........ But why?3/47 Forrest St is a boutique two storey commercial property, in a quiet street, sitting on a 449sqm site with circa 330sqm of useable office/commercial space and onsite parking for 7 cars (Additional 2 car bays totalling 45sqm included as part of a long term licensing agreement). But that is not the reason this property stands out, its unique quality is that it is zoned both commercial & residential and as such currently has Development Approval for two double storey town houses and potential to develop up to 6 storeys. (STCA)With property availability at an all-time low in Subiaco, this unique property gives you the option to build your dream home, your home and an investment, or simply a commercially viable residential/commercial development, all in the heart of one of WA's best suburbs. Close to Perth CBD, Kings Park and circa 7.6km (12min) from the beach.What your buying has options:- Buy as a commercial investment and lease out as is (Circa $100k net rent)- Buy and occupy with 330sqm of boutique office space or potentially 235sqm of office space and a 95sqm penthouse.- Adopt the current DA and build two beautiful town houses- OR invest time and create the ultimate 6 story development (STCA)The choice is Yours! But don't wait too long, clearly this property will not last!