8/23 Railway RoadSubiaco WA 6008
Property Details for 8/23 Railway Rd, Subiaco
Last Listing description (September 2025)
Sterling Property are pleased to exclusively offer Lots 6, 7 & 8, 23 Railway Road, Subiaco, a fantastic opportunity for future owner-occupiers or investors. The property situated on Level 1 comprises 338sqm* of internal area, a 74sqm* terrace / balcony and 6 undercover secure car bays. Now is the time to join the buzz of Subiaco which staff and clients love being amongst the lifestyle, atmosphere, convenience and entertainment. The property is available on a 12-18 month leaseback to MJA Studio who are an award winning design studio based in Perth & Melbourne. Located in the very heart of Subiaco, this office benefits from an ultramodern designed fitout. Fitout features include an open plan environment of 36 workpoints, high ceilings, large kitchen & breakout space, waiting area, boardroom and meeting rooms, reception / waiting area, printer / admin area. The building also enjoys End of Trip facilities. Key Benefits:- Suits future owner-occupiers or investors - 338sqm* office- 6 secure undercover car bays- South-facing 74sqm* terrace / balcony- Net income $161,650 p.a. + GST- Outgoings payable by Tenant- 12-18 month leaseback available via negotiation - 2015 built modern mixed-use building- Superb central Subiaco location- Contemporary industrial style fitout- Excellent natural light- End of Trip facilities within buildingLocation: Located on Railway Road with ample street parking, located just five kilometres to the northwest of Perth's city centre. Subiaco can be reached via the Perth to Fremantle train line. The train station is at the heart of Subiaco's bustling town centre, making it a perfect starting point to explore all that the suburb has to offer.By day, it's one of Perth's most vibrant districts with a friendly, cosmopolitan atmosphere. By night, Subiaco becomes a hub of activity with locals and visitors flocking to its restaurants, pubs and theatres.Asking Price: $2,250,000 (Going Concern)Contact Information:For further details or to request the information memorandum please contact the Exclusive Selling Agents Jack Bradshaw (0439 095 336) or Brian Neo (0411 868 486).
Property History for 8/23 Railway Rd, Subiaco, WA 6008
- 06 Aug 2025Listed for Sale $2,250,000 (Going Concern)
- 06 Aug 2025Sold for $2,125,000
- 13 Aug 2024Listed for Sale $2,250,000 (Going Concern)
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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 7,451 properties. Over the last 5 years, Houses in Subiaco have seen a 71.91% increase in median value, while Units have seen a 74.29% increase. As at 30 April 2026:
- The median value for Houses in Subiaco is $2,342,290 while the median value for Units is $914,869.
- Houses have a median rent of $1,100 while Units have a median rent of $750.
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