115 - 121 Rokeby Road, Subiaco WA 6008

COMMONWEALTH HOUSE | TROPHY SUBIACO FREEHOLD INVESTMENT

Sterling Property is delighted to exclusively present Commonwealth House, 115–121 Rokeby Road, Subiaco – a landmark freehold investment opportunity occupying one of the most prominent and tightly held positions on one of Perth's premier high street.

Positioned in the heart of the iconic Rokeby Road retail and hospitality precinct, Commonwealth House presents an exceptional opportunity to secure a blue-chip investment underpinned by a rare and highly desirable mix of three established retail tenancies and four character residential apartments. This diverse income profile provides secure income, reduces leasing risk and offers investors exposure to both the thriving retail and residential markets.

Subiaco is well and truly back. Following substantial public and private investment, the precinct is once again buzzing with new restaurants, cafés, bars, retailers and residential developments, cementing its position as one of Perth's premier lifestyle and commercial destinations. As retail demand continues to strengthen when existing leases approach market review dates, investors have the opportunity to unlock further rental growth by resetting rents to prevailing market levels.

Investment opportunities of this calibre are exceptionally rare, with landmark Rokeby Road freehold assets seldom offered to the market.

Property Highlights
- Landmark freehold mixed-use investment in the heart of Subiaco
- Fully leased with diversified retail and residential income
- Rare combination of three (3) retail tenancies and four (4) residential apartments
- Building Area: 641.9sqm*
- Land Area: 638sqm* across two adjoining freehold titles
- Estimated Current Net Passing Income: $213,107.49 pa
- Three (3) established ground floor retail tenancies
- Retail WALE of 3.07* years by income as at 1 July 2026
- Four (4) character two-bedroom residential apartments
- Residential rents increasing from $600/week to $650/week
- Strong income with multiple income streams
- Future rental upside through upcoming market rent reviews
- Beautifully maintained heritage building with timeless character appeal
- Prime frontage to Perth's premier city fringe retail strip
- Zoned Centre (R-AC0) offering exceptional long-term landholding appeal
- Offered for sale as a Going Concern

Location Highlights
- Premier position on Subiaco's iconic Rokeby Road
- Surrounded by thriving cafés, restaurants, bars, boutique retailers and lifestyle amenity
- Walking distance to Subiaco Train Station
- Approximately 4.1km* from the Perth CBD
- Minutes to West Perth, Kings Park and Perth's western suburbs
- One of Australia's most tightly held and highly sought-after city fringe investment locations

Asking Price
$4,650,000 (Going Concern)

Information Memorandum available upon request.

For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw or Brian Neo.

*Approximate only