Sterling Property is pleased to exclusively present 156 Onslow Road, Shenton Park for sale – a tightly held, fully leased commercial investment offered to the market for the first time in 58 years.
Occupying a prominent 845sqm* corner site with ROW access directly opposite Shenton Park Shopping Centre, the property combines secure existing income, rental reversion potential, future owner-occupation flexibility and longer-term redevelopment potential in one of Perth’s most tightly held & popular western suburbs.
The two-level 795sqm* building is fully leased across four tenancies to an established mix of local businesses, including Heartbeat High, Retreat Design, Wild Chiropractic and a private architects office, generating a fully leased net income of $207,903 p.a. + Outgoings + GST*.
Approximately 69% of income is secured to Heartbeat High and Retreat Design until June 2031 and June 2030 respectively, with fixed 3% annual reviews. Upcoming lease expiries provide further opportunity to capture rental reversion and future income growth.
Local Centre R80 zoning, with a 2:1 plot ratio and four-storey height limit, provides scope for a range of commercial, residential and mixed-use outcomes (STCA).
Investment Highlights
– First time to market in 58 years – held by the same family since 1968
– Prominent 845sqm* corner site with ROW access
– 795sqm* two-level building, progressively refurbished
– 14 on-site car bays (three undercover)
– Fully leased – $207,903 p.a. + outgoings + GST*
– 69% of income secured to June 2030/2031 with fixed annual rent reviews
– Rental upside
– Future owner-occupation potential
– Redevelopment clauses in all leases
– Local Centre R80 – 2:1 plot ratio, four-storey height limit, potential for elevated views towards Lake Jualbup (STCA)
– Suits retail, office, consulting and a variety of uses (STCA)
– Directly opposite Shenton Park Shopping Centre – IGA, pharmacy, post office, bakeries and bottle shop
– Walk to Shenton Park Station and the QEII Medical Centre precinct; minutes to Subiaco, UWA and Kings Park
Sales Process
For Sale by Offers Invited closing 2:00pm (AWST), Wednesday 11 November 2026, unless sold prior.
Inspections:
By Appointment Only
For further information or to arrange an inspection, please contact the Sterling Property exclusive selling agents.
*Approx.
(STCA) – Subject to Council Approval
