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16 & 17/23 Railway Road
Subiaco WA 6008
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Sold on 29 Jul 2024

16 & 17/23 Railway Road Subiaco WA 6008

  • Offices
  • 249 m²
  • Sold, $1,649,000

Prime Office in the Heart of Subiaco - Join the Buzz!

  • Investors or future owner-occupiers
  • Leased until 28th February 2025
  • Net income $110,355 p.a.

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: jbradshaw@sterlingproperty.au

Sterling Property Co
Sterling Property Co
Suite 6, 388 Hay Street
Subiaco, WA 6008

Property Highlights

Date Sold29 Jul 2024
Sold Price$1,649,000
Floor Area249 m²
Land AreaAsk Agent
Parking4 x Onsite parkings
Property ID2018955570
Category
Last updated  29 Jul 2024
Map for 16 & 17/23 Railway Road Subiaco WA 6008
Sterling Property Co
Sterling Property Co
Suite 6, 388 Hay Street
Subiaco, WA 6008

Property Highlights

Date Sold29 Jul 2024
Sold Price$1,649,000
Floor Area249 m²
Land AreaAsk Agent
Parking4 x Onsite parkings
Property ID2018955570
Category
Last updated  29 Jul 2024

Listed by

Jack Bradshaw
Sterling Property Co
Call
0439 095 336

More about 16 & 17/23 Railway Road Subiaco WA 6008

16 & 17/23 Railway Road Subiaco WA 6008 is categorized as Office. It has a floor area of 249 m². There are 4 x onsite parkings.The listing ID for this property is 2018955570.

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