Prime Subi Asset Hits the Market

A prominent Subiaco mixed-use building has been listed for sale as buyers pursue investment grade assets with defensive tenant covenants.

The multi-level 50 Subiaco Square Road building is fully leased to healthcare-related groups Lifeline and Baby Steps Health Centre, as well as leading Mexican restaurant Zambrero, offering an attractive 4.2 year weighted average lease expiry (WALE).

The 2,120sqm, A-Grade property is located at the retail heart of Subiaco, directly above the Subiaco Train Station and in immediate proximity to Coles, Woolworths, and the Rokeby Road fashion precinct.

CBRE’s Nicholas Volk and Derek Barlow are managing the sale via an Expressions of Interest campaign closing Thursday 12 June 2025.

“50 Subiaco Square Road represents a fully-leased prime investment-grade opportunity offering a stable income stream with defensive tenant covenants, a compelling proposition in the current market,” Mr Volk said.

“Positioned on one of the highest profile corners in the heart of the resurgent Subiaco activity centre, the asset’s location and accessibility via Subiaco Train Station has underpinned its leasing success over the past 24 months.”

Mr Barlow noted, “We expect to see a healthy level of interest in the opportunity, particularly from private investors and syndicators, given the asset’s strategic location, return profile, quality improvements, and achievable price point.”

“The Subiaco market has re-ignited in recent years and the outlook is extremely positive given the level of projects planned or underway, including the redevelopment of the St John of God private hospital and the Subi East project, which will unlock approximately 2,700 new dwellings over the coming decade,” Mr Barlow added.