Overview

RWC WA proudly presents a prime retail property located at 123 Thomas Street, Subiaco, available for sale. This property offers a unique opportunity for investors looking to hold and improve or develop in a highly sought-after area.

Situated in one of Perth's most desirable inner-western suburbs, approximately 4km from the CBD, this high-exposure corner site is increasingly rare. The property benefits from significant vehicle traffic, excellent accessibility, and proximity to major employment hubs, medical facilities, and the vibrant Subiaco town center.

Property Highlights:

• Freehold land comprising 7 lots
• Land area of 1,775 sqm
• Building area of approximately 1,617 sqm

The property is currently leased to three established operators, including Vibe Fuel, MyCar, and Euro Technik, generating a net income of $319,250 per annum. All major outgoings are recovered, and the property has a WALE (Weighted Average Lease Expiry) of 2.83 years based on income.

This asset presents a value-add opportunity with significant land value upside in a supply-constrained market. The substantial land area, combined with its corner exposure, underpins genuine future uplift potential, while the existing leases provide immediate and resilient cash flow.

The property is zoned Residential R60 under the City of Subiaco Local Planning Scheme No. 5, allowing for various development options.

For further details, please contact the exclusive selling agent.

Location