431-435 Roberts Road

Subiaco WA 6008

Sterling Property is delighted to present an exclusive offering to purchase or lease Level 2, 431 Roberts Road, Subiaco. Secure a light-filled, contemporary office with a premium, ready-to-move-in fitout in a modern, high-quality four-storey building in the heart of Subiaco-saving you time and substantial fit-out costs amidst high construction costs. With limited options of this size available on a single floor, this is an opportunity not to be missed. The tenancy can be easily divided to suit smaller owner-occupier or tenants needs. It also presents an excellent opportunity for tenants or investors, as the Subiaco office leasing market continues to thrive and gain momentum. The property is currently leased to Cossill & Webley Engineers, with a lease expiry of 5th of June 2025. The property is available to occupy earlier, subject to negotiation. Key Highlights:- For sale or lease - 746sqm* internal strata area- 18 onsite car bays (14 undercover secure and 4 open bays)- 994sqm* total strata area - Net Passing Yield: 8.6% pa- Current Net Income: $361,305.34 per annum- Comprises the entire second floor of the 431 Roberts building- Current lease in place until 5th June 2025 or vacant possession (subject to negotiation)- High-quality modern fitout- Building signage opportunities - Current configuration allows for 69 workpoints- Private WC's, showers and locker facilities- Natural light to three-sides of the tenancy- Enviable location in the well-established and reinvigorated Subiaco commercial precinct- Well maintained modern building with low strata levies Location: Situated on Roberts 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 150 meters away. The property at 431 Roberts Road is strategically positioned in Subiaco's bustling town centre, 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:$3,995,000 (Going Concern)Asking Lease Price:$365/sqm net p.a. + GSTParking Rates:Open Bays: 4 @ $250 per bay/month + GSTUndercover Bays: 14 @ $275 per bay/month + GSTStatutory Outgoings:FY23/24 Rates & Taxes(Water Rates, Council Rates, Land Tax) $29,699 paFY24/25 Admin Strata Levies $38,668.74 pa FY24/25 Reserve Strata Levies $5,412 pa Estimated Total $73,779.74 paLegal Description:Lot 28 on Strata Plan 48818 Volume 2618 Folio 189Goods and Services Tax:The property will be sold as a Going Concern For further information on this opportunity, contact Sterling Property's Exclusive Selling & Leasing Agent Jack Bradshaw.