<p><strong>The Office Market</strong></p><p>Subiaco is home to a diverse office market, with a mix of businesses spanning various industries. Prominent sectors include professional services (law, accounting, and consulting), healthcare, and creative industries such as design, advertising, and media. The area also houses a growing number of tech companies and startups, benefiting from its proximity to Perth's central business district. Additionally, Subiaco's office market attracts retail, hospitality, and education-related businesses, particularly due to its vibrant local community and easy access to transportation.</p><p></p><p><strong>Office Vacancies in Subiaco</strong></p><p>Subiaco's office market is experiencing a notable shift, with vacancy rates declining as demand for quality office spaces increases. Modern, well-lit offices with ample parking are attracting tenants, while <strong>older buildings lacking natural light </strong>and sufficient parking are facing<strong> higher vacancy rates.</strong> As businesses prioritize employee well-being and accessibility, properties that align with these values are seeing increased occupancy, leaving outdated spaces struggling to compete.</p><p></p><p><strong>Lifestyle &amp; Population</strong></p><p>Subiaco has evolved into a vibrant, sought-after suburb with a dynamic lifestyle, attracting young professionals, families, and retirees. Over the last few years, it has undergone significant urban development, particularly along its central Rokeby Road and Hay Street, where cafes, restaurants, and boutique shops thrive. The area offers a mix of modern apartments, heritage homes, and townhouses, as well as parks and proximity to Kings Park. Its strong public transport links and walkability add to its appeal.</p><p></p><p><strong>Population Growth</strong></p><p>In terms of population growth, Subiaco has seen steady increases, driven by its revitalization and the development of mixed-use spaces. With continued urban renewal, including new residential towers and improved infrastructure, Subiaco's population is expected to keep growing in the coming years. The suburb’s proximity to Perth’s CBD, universities, and workplaces further boosts its attractiveness, ensuring it remains one of the city's top locations for both residents and investors.</p>

<p><strong>Benz Mining Corp.</strong><br></p><p>Benz Mining Corp. is a publicly listed Canadian mineral exploration company focused on developing high-grade gold projects in both Canada and Australia. The company was founded in 2011 and is listed on the TSX Venture Exchange under the symbol BZ.</p><p><u>https://benzmining.com/</u></p><p><br></p>

<p>This investment offers a <strong>healthy 6.53% net yield</strong>, providing excellent returns in the sought-after Subiaco location. The property is priced at <strong>$950,000 (negotiated)</strong> with a current rental income of <strong>$62,000 per annum plus GST</strong>.</p><p>The tenant, Benz Mining Corp, is secured on a <strong>lease until March 2028</strong> with an additional <strong>3-year option</strong> and features <strong>annual fixed 3% increases</strong> or market review at option renewal, protecting against inflation.</p><p>A significant advantage is that <strong>100% of outgoings are recoverable</strong> from the tenant, including management fees and land tax, enhancing the net return. Current outgoings are exceptionally low at just <strong>$19,382.51 p.a. ($98/sqm)</strong>, well below comparable properties in the area.</p><p>The property achieves a strong <strong>purchase rate of $4,822/sqm</strong> with potential for <strong>future rental upside</strong>, as market evidence indicates similar Subiaco office spaces are now achieving rates closer to <strong>$300/sqm</strong>.</p><p>With secure tenant, fully recoverable outgoings, and strategic location, this represents a true <strong>low-maintenance, high-return investment opportunity</strong>.</p>

<p class="mb-4"><strong>L1, Unit 20/513 Hay Street, Subiaco - 197m2 - $254/m2 + 4 car bays @$250/bpm</strong></p><p class="mb-4">L1, Unit 21/513 Hay Street, Subiaco - 142m2 - $300/m2 + 3 car bays @$225/bpm</p><p class="mb-4">L1, Unit 22/513 Hay Street, Subiaco - 252m2 - $269/m2 + 3 car bays</p><p class="mb-4">Level 1, 20 Rokeby Road, Subiaco - 107m2 - $295/m2 + 4 car bays @$200/bpm</p><p class="mb-4">L1, B11, 431 Roberts Road, Subiaco - 102m2 - $295/m2 + 3 car bays @$250/bpm</p><p class="mb-4">L1, 12-20 Railway Road, Subiaco - 153m2 - $325/m2 + 5 car bays @ $300/bpm</p>

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