Leading independent commercial real estate agency Sterling Property has successfully brokered the off-market sale of an exceptional freestanding commercial building at 21 Hamilton Street, Subiaco, for $1.9 million, plus GST. 

Previously owned by the Pharmaceutical Society of Western Australia, the property was purchased by a private family office buyer, further solidifying Subiaco’s status as an emerging premium family office precinct.

The property comprises 334 sqm of net lettable area on a 431 sqm corner site and includes 13 car bays.

The well-appointed building is ideally suited for office use or a variety of other purposes, subject to council approval, with a mix of partitioned offices, open-plan areas, and training spaces.

Sterling Property Senior Partner Jack Bradshaw, who brokered the deal, said the property’s location and amenities had been significant draw cards for buyers.

“This Subiaco property offers an unparalleled opportunity for businesses seeking a prominent, independent headquarters in a convenient inner-city location,” Mr Bradshaw said.

“Its strategic position will benefit from the Subi East redevelopment, which will rejuvenate 35 hectares of land, including the areas around Subiaco Oval, the former Princess Margaret Hospital, Mueller Park, and the new Bob Hawke College.”

Mr Bradshaw said the sale of 21 Hamilton Street is a part of a recent surge of Subiaco commercial office transactions.

“This transaction reflects the growing trend of businesses seeking boutique offices in lifestyle-rich areas that offer a blend of professional environment and personal amenity,” Mr Bradshaw said.

“Subiaco, with its proximity to the Perth CBD and excellent transport links, is ideally suited for a variety of businesses.”

Located close to freeways and major arterial roads, the property provides easy access to West Perth, Leederville, the Perth CBD, and the Western Suburbs.

It is also within walking distance to coffee shops and other conveniences, adding to its appeal for a wide range of organisations.

Mr Bradshaw noted that the swift off-market sale underscored strong demand for quality green title commercial real estate in the area.

“We anticipate continued interest in similar offerings as Subiaco cements its position as a preferred precinct for discerning investors and businesses, particularly family offices.”