Officeworks, 160 Hay Street, Subiaco, WA 6008

Stonebridge is pleased to present Officeworks Subiaco (Perth) for sale via Expressions of Interest Closing Thursday 10 April at 3pm (AEST).

The asset has the following key investment features:

   -  Secured by a renewed 5 year net lease to 2027 + options to 2037 with favourable CPI annual rent increases up to 6% (min 3%)

   -  Officeworks Ltd – Wholly owned subsidiary of ASX Wesfarmers Ltd revenues of $44.2Bn & 171 stores

   -  Valuable 2,986 sqm* Centre Zoned corner site with triple street frontage offering 39 basement & at-grade car parks 

   -  Longstanding Officeworks in occupation for 20+ years boasting an immaculate 2,079 sqm* building

   -  Prime retail location surrounded by national retailers Bunnings, Woolworths, Coles, McDonalds, KFC, Hungry Jacks, Dan Murphys and more 

   -  Strategic city fringe location 2km* from Perth CBD, just off Thomas Street (47,738+ vehicles daily) and 335,000+ residents within a 15min drive time

   -  300m* from major $1.1Bn+ ‘Subi East’ urban development set to provide 1,000+ new dwellings

   -  Subiaco – Prominent inner-city suburb adjoining Perth CBD and contributing to the cities booming $79.9Bn* economy

   -  Net Lease structure – tenant responsible for all usual outgoings including Land Tax

   -  Net Income - $665,845 pa*^+ GST

Officeworks Subiaco (Perth) is for sale via Expressions of Interest closing 10 April Thursday at 3pm (AEST) 

Please contact the exclusively appointed Stonebridge property professionals for more information.

 *Approximately
^Estimated Net Income 24 June 2025

Property Code: 1217