Sterling Property has launched 156 Onslow Road, Shenton Park, to market for the first time in 58 years. The fully leased investment offers buyers secure income and long-term redevelopment upside in one of Perth’s most tightly held inner-western suburbs.
- Fully leased across four tenancies | $207,903 net pa + outgoings + GST
- 845sqm corner site with ROW access, opposite Shenton Park Shopping Centre
- Zoned Local Centre R80 | 2:1 plot ratio | four-storey height limit
The two-level, 795sqm building sits on an 845sqm site directly opposite Shenton Park Shopping Centre. It returns $207,903 per annum net plus outgoings and GST from four tenancies: Heartbeat High, Retreat Design, Wild Chiropractic and a private architects office.
Heartbeat High and Retreat Design occupy approximately 66% of the building on leases to June 2030, with fixed annual reviews across the major tenancies. Shorter expiries on the balance give a buyer room to capture rental reversion or occupy part of the building.
“Corner holdings opposite an established neighbourhood centre very rarely change hands in Shenton Park. Whoever secures this gets income from day one, with the flexibility to lift rents, move in or plan a redevelopment down the track,” Mr Bradshaw said.
The site’s Local Centre R80 zoning supports a range of commercial and mixed-use outcomes, with potential views towards Lake Jualbup (STCA). Redevelopment provisions are already written into the existing leases.
“Landholdings of this size with this zoning are extremely scarce in the western suburbs. Having redevelopment provisions built into the leases means this site works for an investor, developer or owner-occupier taking a long-term view,” Mr Neo said.
The property includes 14 car bays and is within walking distance of Shenton Park Train Station. It is close to the QEII Medical Centre precinct and minutes from Subiaco, UWA and Kings Park.
The property is being offered For Sale via Offers Invited closing 2:00pm (AWST) Wednesday 11 November 2026, unless sold prior.
For further information contact Jack Bradshaw on 0439 095 336 or Brian Neo on 0411 868 486.
