414 Rokeby Road Subiaco, WA

LJ Hooker Commercial Perth is pleased to present 414 Rokeby Road, Subiaco - formerly known as "The Med", one of Perth's most iconic restaurants.

A truly iconic site located at the gateway to the Subiaco business and retail/cafe strip. The former Mediterranean Restaurant in Subiaco, now occupied as offices, was once one of Australia's most famous lunch haunts to some of WA's best known entrepreneurs during the 1980's. The property features some of the buildings original finishes throughout including the grape vines which shade the courtyards, perfect for client functions.

A second storey has been added to increase net lettable area and is occupied as offices.

The Opportunity:
The property is currently partially leased with a vacancy of 196sqm (approximate) on the ground floor which is under vendor refurbishment. The opportunity exists to owner-occupy the current vacancy on the ground floor as offices or lease out and increase the current income, hold and redevelop in the future.

Location:
Marking the western entry to Subiaco on the corner of Rokeby and Nicholson Roads, 414 Rokeby is located on the door step to Subiaco's retail and cafe strip, offering fantastic links to West Perth, Nedlands, Shenton Park and freeway access.

Known as the Paris end of Rokeby Road, 414 Rokeby is also within close proximity to the Perth CBD, Kings Park and the affluent Western Suburbs.

Key Features:
- Iconic Subiaco building
- Land Area: 748sqm*
- Building Area: 518sqm*
- Beautiful alfresco courtyard - perfect for entertaining clients
- High ceilings throughout
- Partially tenanted investment
- Future redevelopment potential
- Corner site with ROW

Tenancy Particulars:
Upon request from Exclusive Selling Agent

Statutory Outgoings (20/21):
Council Rates: $17,473.15pa *
Land Tax: $12,223.90* pa
Water Rates: $6,063.97* pa
Total: $35,761.02*

For Sale:
Offers Invited closing 2pm (AWST) Wednesday 16th December 2020 - unless sold prior.

IM available upon request.

For further information on this iconic property, or to arrange an inspection, contact the Exclusive Selling Agents Brian Neo and Vincent Siciliano.

* approximate