The sale, brokered by Michael Milne and Luke Pavlos of RWC WA on behalf of Commonwealth Bank of Australia (CBA), follows a competitive Expressions of Interest campaign that attracted over 60 enquiries and multiple formal offers.
The 488sqm* building, situated on a 375sqm* freehold landholding, was sold with vacant possession, providing a rare opportunity for a value-add repositioning in one of Perth’s most desirable inner-western suburbs.
“This was a complex asset to present, given the significant capex required for defit and refit,” said Michael Milne from RWC WA.
“However, the level of buyer engagement showed clear confidence in the Subiaco market and in the long-term fundamentals of Rokeby Road as a key high street retail strip.”
The prominent building boasts a versatile retail frontage, sits adjacent to major public parking, and is zoned favourably under Subiaco’s Town Centre planning framework, making it ideal for owner-occupiers or those looking to reposition the asset for modern commercial or mixed-use application.
“We’re seeing an increasing number of astute buyers who recognise the uplift in Subiaco,” said Luke Pavlos from RWC WA.
“These buyers are prepared to invest substantial capital to modernise older stock, in line with the changing character of the precinct.”
The sale of 150 Rokeby Road adds to a recent run of successful transactions along Rokeby Road, highlighting the precinct’s renewed investor and occupier appeal amid a broader urban revitalisation.
Subiaco’s café culture, blend of heritage and modern development, and proximity to top-tier amenities continue to draw a wide range of commercial and residential interest.
“Rokeby Road is once again proving to be a magnet for high-calibre activity,” said Michael Milne. “Properties with strong bones, excellent positioning, and the right zoning are in demand, and we expect to see continued momentum through the remainder of the year.”
