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Thriving Aberdare Road Property Sells for $2.3 Million

November 2024

Sterling Property is pleased to announce the successful off-market sale of 51 Aberdare Road, Nedlands, for $2,300,000 to a private family investor. This marks the third sale of the property in as many years, with its value appreciating each time – a testament to the area’s enduring growth and appeal.

Anchored by two popular tenants, Kith Eatery and Little Abbey Café, the 822sqm* landholding benefits from a prime corner position and significant foot traffic driven by the adjacent hospital precinct. The asset’s diverse offering continues to attract interest, with one lease opportunity still available (Unit 4), making it an adaptable hub for retail, office, or food and beverage ventures.
Sterling Property Senior Partner Jack Bradshaw said the property’s location, recent building improvements and tenant mix were key drivers of its success.

“51 Aberdare Road has become a sought-after asset, thanks to its strategic positioning near major hospitals and its ability to meet the growing demand for quality neighbourhood amenities,” Mr Bradshaw said.

“This transaction underscores both the strength of the Western Suburbs market and the value of well-tenanted, strategically located commercial properties with redevelopment development.”
Kith Eatery, one of the anchor tenants, has garnered acclaim for its innovative fusion of Sicilian and Malaysian cuisines, offering a unique dining experience that has been described as the best new addition to Perth’s breakfast scene this year.

The café’s popularity contributes significantly to the property’s high foot traffic and vibrant atmosphere.

The property features a 259sqm* freehold building across three units, with ample parking – including 15 bays and 7 council bays facing Aberdare Road. Its local centre zoning offers potential for a range of uses, ensuring its long-term viability as a vibrant commercial asset and mixed-use redevelopment site.

“The appreciation in value over three years is underpinned by the buoyant surrounding residential market and the fact the property when sold has suited various buyer types: developers, owner-occupiers and investors.”

Situated near Sir Charles Gairdner and Perth Children’s Hospitals, 51 Aberdare Road benefits from excellent connectivity to Perth’s CBD, major arterial roads, and public transport. The proximity to key amenities, such as the Onslow Road retail strip, further enhances its appeal to tenants and investors alike.

With Unit 4 which is 61sqm is currently still available for lease, the property continues to present opportunities for businesses to join a thriving community-focused environment.

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