3/47 Forrest Street, SUBIACO, WA 6008

Offers Close Monday 28th November 4pm Unless Sold Prior

Welcome to 3/47 Forrest Street Subiaco, a "Unicorn" of a property situated in the heart of bustling downtown Subiaco. Walking distance from the Rokeby Road retail precinct, bars, cafes, shops and minutes from train, bus & CAT bus transport links, the best of all worlds can be achieved from this one building…….. But why?

3/47 Forrest St is a boutique two storey commercial property, in a quiet street, sitting on a 449sqm site with circa 330sqm of useable office/commercial space and onsite parking for 7 cars (Additional 2 car bays totalling 45sqm included as part of a long term licensing agreement). But that is not the reason this property stands out, its unique quality is that it is zoned both commercial & residential and as such currently has Development Approval for two double storey town houses and potential to develop up to 6 storeys. (STCA)

With property availability at an all-time low in Subiaco, this unique property gives you the option to build your dream home, your home and an investment, or simply a commercially viable residential/commercial development, all in the heart of one of WA's best suburbs. Close to Perth CBD, Kings Park and circa 7.6km (12min) from the beach.

What your buying has options:
• Buy as a commercial investment & lease out as is (Circa $100k net rent)
• Buy and occupy with 330sqm of boutique office space or potentially 235sqm of office space and a 95sqm penthouse.
• Adopt the current DA and build two beautiful town houses
• Or invest time and create the ultimate 6 story development (STCA)

The choice is Yours! But don't wait too long, clearly this property will not last and the vendor has stipulated all offers must be in by 4pm Friday 28th November 2025. (The vendor reserves the right to accept an offer prior to this date) Added 28 October, 2025 Property ID: #L37494617