16 & 17/23 Railway Road, Subiaco WA 6008

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.

This opportunity caters for investors however also businesses considering a move to the revitalised Subiaco in early 2025.

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: [email protected]