361 Rokeby Road, Subiaco, WA 6008

Sterling Property, as Exclusive Selling Agents, are pleased to present for sale 361 Rokeby Road, Subiaco — a fully-leased food and beverage investment in the heart of one of Perth's most desirable inner-city precincts.

Home to Piccolo Trattoria, a popular Italian restaurant, this property offers secure income, strong tenant covenant, and long-term development upside with its 'Mixed Use' zoning. 

Key Highlights:
• Leased to established hospitality operator Piccolo Trattoria
• Current lease term to 30 September 2027 + 2 x 6-year options
• Net passing income: $118,457.96 per annum + GST
• Fixed 2.5% annual rent increases + market reviews at option
• Outgoings payable by the tenant under the Retail Tenancies Act
• Bank Guarantee: $30,000
• 292sqm building area 
• 417sqm freehold landholding
• Zoning: 'Mixed Use' under City of Subiaco LPS5
• Plot ratio of 1.0, with potential uplift to 1.5 for residential mixed-use development
• Building height: up to 12m (subject to planning approval)
• Liquor Licence: Held by the tenant; may be transferred to the Landlord at lease end
• Offered for sale as a Going Concern (GST-free transaction)

Location:
Strategically positioned on Subiaco's high-traffic Rokeby Road, this tightly held strip is home to numerous cafes, restaurants, boutique retailers, and professional services. The property benefits from excellent pedestrian visibility and strong surrounding demographics.

Key Surrounding Landmarks:
Subiaco Train Station – 600m
Subiaco Square Shopping Centre – 700m
Bob Hawke College – 750m
Kings Park – 1.5km
Perth CBD – 2.7km

Asking Price:
Offers from $2,300,000 (Going Concern)

Exclusive Selling Agents:
For further information, contact the Exclusive Selling Agents Brian Neo on 0411 868 486 or Jack Bradshaw on 0439 095 336.