SUBIACO INVESTMENT/DEVELOPMENT
The property comprises a character, extended 330sqm* two level converted house, situated over two adjoining lots on the corner of Nicholson Road and Rokeby Road at the southern end of Subiaco on a future development site of 652sqm*, backing onto a laneway.
The property was leased to the Subiaco Physiotheraphy clinic and a rear office tenancy.
*approximately
| Sale Analysis | |
| Sale Price: | $2,100,000 |
| Sale Date: | July 2021 |
| NLA Area: | 330sqm* |
| Land Area: | 652sqm* |
| Yield – passing | 4.76% |
| Price/land sqm: | $3,220/sqm |
| Vendor: | Private Investor |
| Purchaser: | Private Investor |
| Sales Process: | Sold off-market by invitation only |
In another strong indicator of Subiaco’s growing investment appeal, the landmark Tighe’s Building at 131-135 Rokeby Road has changed hands for $5 million in an off-market transaction brokered exclusively by Michael Milne.
$200,000 operating cost savings