One of Osborne Park’s most tightly held commercial assets - located just 7–8 kilometres north of the Perth CBD, has been offered to the market for the first time in more than three decades, presenting a rare opportunity to secure a landmark investment in one of the city’s most established business precincts.

Located at 221 Main Street and 178 Edward Street, Osborne Park[i], the high-profile property is being offered for sale by Raine & Horne Commercial WA via an Offers to Purchase campaign with a price guide in the low $5 million range. It occupies a prominent corner position at the intersection of Main Street and Hutton Street, offering exceptional exposure, signage opportunities, and accessibility in the heart of the precinct.

Regarded as a true Osborne Park trophy asset, the property sits on a substantial 1,590 sqm landholding and is improved with more than 1,200 sqm of building area, comprising four separate tenancies with a diversified income profile.

The fully leased asset is underpinned by long-standing and well-recognised tenants, including Caffe Amaretto, an iconic local business that has operated from the site since its original construction in 1995, and Snap Fitness, which has occupied the first-floor tenancy since 2012. Additional tenants include Miracle Skin and a newly leased florist, further strengthening the income mix. The property generates a current net income exceeding $280,000 per annum plus outgoings and GST, with further upside potential over time.

Listing agent Matthew Edwards, Associate Director Raine & Horne Commercial WA, said opportunities of this calibre were rarely seen in the Osborne Park market. “This is a standout opportunity to acquire a high-profile, income-producing asset with a strong tenant profile and long-term upside in the heart of Osborne Park.

“Assets of this scale, location and holding quality are exceptionally tightly held and seldom come to market.”

Green title Subiaco retail asset offered to market

Raine & Horne Commercial WA has also launched an offers to purchase campaign for 421 Hay Street, Subiaco[ii], a green title commercial property in one of Perth’s most tightly held inner-city precincts.

Located just off the intersection of Hay Street and Rokeby Road, the property sits within the heart of Subiaco’s retail and hospitality strip, surrounded by cafés, bars and boutique operators.

The asset that has a price guide of $1.5 million plus GST comprises a 169 sqm green title landholding improved by a 167 sqm character building, combining heritage features with a modern rear extension.

The front of the building offers a high-exposure retail showroom with polished jarrah floorboards, high ceilings, character detailing, and new ducted air conditioning, while the rear provides office accommodation, shower and toilet facilities, storage, or on-site parking, and roller door access from the right-of-way.

Zoned ‘Centre’ under the City of Subiaco Local Planning Scheme No. 5, the property falls within the Subiaco Activity Centre, an area earmarked for continued revitalisation and commercial growth.

Matthew Edwards said the offering was expected to appeal to both investors and owner-occupiers. “A green title property presented in pristine condition, within a commanding retail and hospitality location, is a rare find in Subiaco and will appeal to savvy investors and owner-operators alike,” he said.

The property is being offered with vacant possession, allowing immediate occupation or repositioning.

For all your retail property sales and leasing needs, contact your local Raine & Horne Commercial office.

[i] https://www.rhcommercial.com.au/wa/properties/221-main-street-osborne-park-6017-western-australia

[ii] https://www.rhcommercial.com.au/wa/properties/421-hay-street-subiaco-6008-western-australia