254 Rokeby Road, Subiaco WA 6008

Sterling Property, as Exclusive Selling Agents, are delighted to offer For Sale Lots 1-5, 254 Rokeby Road, Subiaco.

254 Rokeby Road, previously housing Westpac’s credit card clearance centre, underwent a tasteful modernisation in 2005 by Zorzi, one of Perth’s top builders. The transformation resulted in their headquarters and the development of eight residential apartments on Level 2. Now, all commercial lots are for sale, offering the entirety of the Ground Floor and Level 1 in-one-line.

Positioned prominently on the corner of Hamersley Street, the building stands as one of Subiaco’s finest office offerings, benefiting from a prestigious address and stunning views of the adjacent gardens. Its blend of convenience, lifestyle amenities, and growth potential makes it an enticing location for businesses seeking to establish or relocate their operations. Now is the opportune moment to explore Subiaco’s potential as a rising star in Perth’s office market.

Key Highlights:
• Lots 1-5 available in-one-line
• 2,034 sqm* NLA
• 42 onsite secure car bays
• Net passing income $707,777.23 pa
• Estimated fully leased income circa $869,471.80* pa net
• Situated in the bustling heart of Subiaco just a short stroll from an array of amenities
• 900 metres from both the Subiaco train station and Vibe Hotel
• Within the lively locale famously referred to as the ‘Paris end’ of Subiaco.
• Currently leased to 3 quality tenants with modern fitouts
• Suits various buyers including investors, part owner-occupiers or future owner-occupiers
• 321sqm currently vacant
• WALE of 2.54 years* (by income) as at 1st March 2024
• Mixed use development featuring a high-quality construction commensurate to an A grade specification
• Zoned "Centre R-AC0"
• Suits office / consulting (STCA)

Location:
Nestled in the heart of “historic Subiaco,” this property offers views of Rankin Gardens and the iconic War Memorial Clock Tower. Positioned centrally on Rokeby Road, you have the convenience of exploring a variety of coffee shops, restaurants, bars, grocery stores, and easy access to public transport just steps away.

Internal Strata Area:
Lo 1: 655sqm (plus 28sqm storerooms and 79sqm terrace)
Lot 2: 288sqm
Lot 3: 608sqm
Lot 4: 321sqm (vacant)
Lot 5: 160sqm
Total: 2,032sqm

Car Bays:
Lot 1: 14 car bays
Lot 2: 6 car bays
Lot 3: 13 car bays
Lot 4: 6 car bays
Lot 5: 3 car bays
Total: 42 car bays (26 single bays and 16 tandem bays)

lnterest Offered:
100% strata titled interest in Lots 1, 2, 3, 4 & 5

Asking Price:
$10,850,000 (Going Concern)

For further information on this opportunity, contact Sterling Property's Exclusive Selling Agents Jack Bradshaw and Vincent Siciliano.

*approximate