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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!
Added 28 October, 2025
Property ID: #L37494617
Office
m2
Property for Sale
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!
Added 28 October, 2025
Property ID: #L37494617
Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?
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