Iconic Subiaco Landmark 9 June 2018 / Issue 101
08 9385 5559 / www.capornyoung.com.au
WELCOME
Richard Young - CEO, Caporn Young Estate Agents
MARKET CONDITIONS IMPROVE ACROSS PERTH In the last 30 years, I´ve seen the property market in Western Australia rise and fall countless times. However, it´s no secret that the last few years have been particularly challenging and as an industry, we’ve weathered some very tough times. So, it is with much optimism that I welcome the latest research from REIWA, which reveals that the purchasing conditions today are the best they´ve been since 2013. For prospective buyers reading this issue, this means the properties within these pages just became even more appealing! With other capital cities such as Sydney and Melbourne showing signs of cooling down, I’m looking forward to finding out what the next six months has in store for owners and investors here in Perth. Our economy is slowly improving and
the rental market is also firming up, with the Perth metro vacancy rate trending down and rental returns trending up. Researchers from Curtin University, who compile the Rent-Buy index each quarter for REIWA, also have positive news to report, stating that current low interest rates are making home ownership more affordable than renting. They forecast increased buyer interest in Perth´s property market over the next 12 months, which is great news for those who are considering selling.
CY Magazine is published by: Caporn Young Estate Agents Pty Ltd - Claremont Head Office 4/355 Stirling Highway Claremont, WA 6010 For advertising or other enquiries, please contact Patricia Cheah on (08) 9385 5559. Design by: Alex Zavros CY Magazine is distributed free of charge to the shaded areas below:
As you browse the properties showcased in this edition of CY Magazine, I hope you do so with the same sense of optimism I have. If one home in particular catches your eye, please don´t hesitate to get in touch. Now really is the time to seize the day and take the next step in your property ownership journey, and at Caporn Young we are always ready to help you achieve your goals.
COVER: Former home of iconic Witch’s Cauldron Restaurant is 87-89 Rokeby Road, Subiaco. Contact Phil Hayes 0420 200 773 for details.
No other agency can put your property into 85,000 potential buyer’s letterboxes every other week.
MARKET NEWS BLUE CHIP ICONIC SUBIACO LANDMARK CASTS A SPELL Making headlines has been the upcoming sale of the iconic Witch’s Cauldron premises at 87-89 Rokeby Road, Subiaco, as listed by Caporn Young’s commercial sales and leasing associate director Phil Hayes. Described by the The West Australian as a “Subiaco institution”, this much loved landmark sits on prime real estate at the Paris end of the Rokeby Road shopping strip. Famous for its garlic prawns, the Witch’s Cauldron was one of Perth’s most well-known eateries for over 50 years, led by restaurateur owners Geoff and Tanis Gosling. “With such a high profile location, this property would suit new investors looking for a virtually walk in walk out proposition, but it’s also ideally situated for business operators, investors or developers,” Mr Hayes said. “This Federation-style building enjoys a presence of all its own with generous foot traffic exposure, dual street frontage and numerous parking options.” Located on an inner-city site with street frontage to Rokeby Road to Rowland Street, the freehold property is situated on 608 square metres of land with two titles and Subiaco town centre zoning. “It’s right in the middle of an incredibly well connected area,
within close proximity to the Hay Street intersection and major public transport links,” Mr Hayes said. “The property is surrounded by a strong mix of existing commercial undertakings, which provides new owners the opportunity to capitalise on this blue chip Subiaco location.” Sprawling across several levels including roof-top terrace, 87-89 Rokeby Road features over 1000m2 of internal space, with a full commercial kitchen, bars, drinks preparation area, cellar, substantial basement / utility and underground parking. Mr Hayes said the premises offered fantastic scope for investment as a commercial asset that had enjoyed an almost rockstar-like status as the Witch’s Cauldron for over half a century. “It’s one of those wonderful Subiaco character buildings, with classic features including etched glass panelling, atmospheric padded dining booths and oversized perfectly framed windows,” he said. “One of its key selling points, if you were to re-start the restaurant side of the business, would be the cosmopolitan street-side alfresco dining area on the building’s Rokeby Road frontage. Acting as a major drawcard to funnel in patrons, this section was previously licensed for 30 seats in addition to the internal
87-89 Rokeby Road, Subiaco, as listed by Caporn Young.
seating areas which were licensed for 222 diners.” Mr Hayes said inner-city investments of this calibre were hard to find and advised potential purchasers to secure their inspections well ahead of the June auction date. “It really is one that you’ve got to move swiftly on,” Mr Hayes said. “Based on its previous ownership of almost 50 years, you’d risk missing out on a once in a lifetime opportunity.” Renowned for its village feel and community spirit, the leafy suburb of Subiaco is just three kilometres from inner-city Perth, popular for its restaurants, bars, cafes, boutique shops and weekly farmers market. At its northern-most point, Rokeby Road intersects with Subiaco train station and runs all the way down to Shenton’s Thomas Road, which sits on the north-western edge of Perth’s internationally acclaimed Kings Park and Botanic Garden. Set to go to auction at 12.30pm on Thursday 28 June 2018, Mr Hayes said interested parties could receive a full Information Memorandum available upon request. Contact Caporn Young Estate Agents associate director Phil Hayes on 0420 200 773 today to maximise this rare opportunity in a tightly-held Subiaco location.
87-89 Rokeby Road features over 1,000m2 of internal space including a full commercial kitchen.
“The property is surrounded by a strong mix of existing commercial undertakings, which provides new owners the opportunity to capitalise on this blue chip Subiaco location.”
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BLUE CHIP TOURISM BUSINESS 4.6535
CARNARVON WINTERSUN CARAVAN & TOURIST PARK Ideally situated within north-west Western Australia´s Gascoyne Region, Wintersun Caravan and Tourist Park lies on 4.6535 hectares. A significant investment opportunity to capitalise on an established business: offered as going concern, licensed for 163 short stay powered caravan sites, 18 chalets/cabin, associated business operations included. As a well-established business enjoying strong cash flow, top-rated tourism performer Wintersun Caravan and Tourist Park generates sufficient income to be owned and managed remotely by a syndicate or independent investor. Featuring extensive improvements, opportunities for growth exist to build on an already profitable business with strong systems and procedures in place. Wintersun offers a diverse product mix to suit a range of budgets, ages and demographics in a lovely parkland setting.
OFFERS All offers presented Thursday, 21st June at 4:00pm VIEW visit capornyoung.com.au for times
PHIL HAYES 0420 200 773 phil@capornyoung.com.au
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AU IN C -R T O IO O M N S 9385 5559 /
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PRIME BLUE CHIP SUBIACO LANDMARK 3
608
SUBIACO 87-89 ROKEBY ROAD Former home of iconic Witch´s Cauldron Restaurant, this high profile landmark was the place to go for nearly half a century. At the Paris end of Subiaco´s Rokeby Road shopping strip, the Federation-style freehold property enjoys generous foot traffic exposure, dual street frontage and numerous parking options. Previously licensed for 222 diners, the restaurant has a further 30 seats available via street-side alfresco dining. Featuring over 1000sqm of internal space across several levels including rooftop terrace, the building has a full commercial kitchen, bars, cellar, substantial basement / utility area and underground parking. Spanning the block from Rokeby Road to Rowland Street, the property is situated on 608sqm approx. of land with two titles and town centre zoning. In Rooms: CY Fremantle, 19-21 Queen Victoria Street, Fremantle
AUCTION In Rooms, Thursday 28th June at 12:30pm VIEW By appointment
PHIL HAYES 0420 200 773 phil@capornyoung.com.au
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R40 DEVELOPMENT BLOCK 85 RISELEY STREET There has never been a better time to secure this R40 development block on the doorstep of Applecross High School. Being so close to everything, this c1968 three bedroom, one bathroom, two living room home set on an 833 m2 block has a long rental history and could be renovated for a young family or developed for the investor.
Visit capornyoung.com.au for times
0406 300 828 tim@capornyoung.com.au
0450 422 224 arreum@capornyoung.com.au
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AU CT IO N
SIMPLY REDECORATE OR FULLY RENOVATE 160 BURKE DRIVE You may be thrilled to discover that the largest room in this spacious home is the room for improvement! This quality family home has both the potential and space for you to realise your renovation dream or if your real estate makeover goals are more modest, move in today and live by the river.
On site, Saturday 23rd June at 12:30pm Visit capornyoung.com.au for times
0417 185 706 lara@capornyoung.com.au
0402 456 485 adam@capornyoung.com.au
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AU CT IO N
MORE ON MOREING
71B MOREING ROAD Spread over three levels with all the bedrooms on one level and the living and dining on the upper, the layout provides the ideal separation of spaces. There are also two courtyards, a large balcony, massive double garage below and a generous backyard with covered alfresco which all combine to deliver masses of space inside and out.
On site, Saturday 30th June at 12:30pm Visit capornyoung.com.au for times
0417 185 706 lara@capornyoung.com.au
0407 423 655 aidan@capornyoung.com.au
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TOWNHOUSE TEMPTATIONS 6 LOCKWOOD COURT Nest or invest in this private survey-strata townhouse residence with new carpets just been laid and the interior is freshly painted. This home provides a soft neutral dĂŠcor throughout and a large single lock-up garage with ample parking for a second car in the driveway. Just lock up and leave!
Visit capornyoung.com.au for times
0402 278 747 lizy@capornyoung.com.au
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AU CT IO N
OUT OF THE BLUE
10 YARINGA WAY Living up to its incredible coastal location, this property encapsulates grandeur and presents the very best of family living. From the outset, you´ll be impressed by this home´s elevation, with an immaculately presented garden and verandah. From its raised position, this two-storey property sits proudly on the streetscape for all to admire.
On site, Saturday 23rd June at 10:30am Saturdays 10.00 - 10.30am & Thursdays 5.00 - 5.30pm
0499 991 795 dan@capornyoung.com.au
0411 037 504 oonagh@capornyoung.com.au
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AU CT IO N
LOCATION & POTENTIAL 12 SHANNON STREET Here is a rare opportunity to create a home perfectly suited to your family and lifestyle, right in the exclusive heart of Floreat and close to schools, shops and the coast. The location couldn´t be bettered, and this property represents a chance to match it with an amazing home.
On site, Saturday 23rd June at 1:30pm Thursdays 1:00 - 1:30pm & Saturdays 1:00 - 1:30pm
0413 929 999 craig@capornyoung.com.au
0411 037 504 oonagh@capornyoung.com.au
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AU CT IO N
LUXURIOUS HOME WITH VIEWS & LIFT 3 EUPHRASIE COURT This is a home where art meets architecture, and function meets form. Showcasing cutting edge design and luxury features throughout. Set over three levels, the huge 470sqm interior encompasses four bedrooms, four designer bathrooms, two kitchens and three living areas. Walk to the Swan River, George Street, cafes, schools and shops.
On site, Saturday 16th June at 3:30pm Visit capornyoung.com.au for times
0409 229 115 stefanie@capornyoung.com.au
0437 225 725 nikki@capornyoung.com.au
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O FF ER S
CONTEMPORARY TWIST ON A CLASSIC 83A MARMION STREET An innovative, contemporary take on the family entertainer, this gorgeous Fremantle residence combines classical features with contemporary, practical design over two substantial levels. Set quietly at the rear of a renovated character home, this property is graced with North facing, light filled interiors with a bank of french doors opening up to the private sun filled courtyard.
Visit capornyoung.com.au for times
0409 229 115 stefanie@capornyoung.com.au
0434 076 229 michael@capornyoung.com.au
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AU CT IO N
FREO SPLENDOUR WITH STUDIO 25 SUFFOLK STREET Rich natural timbers, solid limestone walls and oodles of rustic charm define this pre gold-rush, grand heritage residence, built around 1850. Located in the heart of Fremantle on iconic Suffolk Street, this five-bedroom, three-bathroom home includes a detached second-floor studio apartment.
On site, Saturday 16th June at 12:30pm Saturdays 12:00 - 12:30pm & Thursdays 5:00 - 5:30pm
0411 115 147 connie@capornyoung.com.au
0412 385 056 richard@capornyoung.com.au
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AU CT IO N
EXPANSIVE LUXURY LIVING 142 JERSEY STREET This substantial family home comes with a loft apartment, ideal for multigenerational families or teenagers. With abundant living space and lowmaintenance resort-style gardens with pool and spa, this is a place you´ll love come home to, in a dream location between city and beach.
On site, Saturday 23rd June at 12:30pm Thursdays 5:30 - 6:00pm & Saturdays 12:00 - 12:30pm
0413 929 999 craig@capornyoung.com.au
0411 037 504 oonagh@capornyoung.com.au
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AU CT IO N
IMMACULATE MODERN HOME 19B BROCKWAY ROAD Offering a wonderful blend of internal living with outdoor entertaining, 19b Brockway Road would be ideal for a young family or professional couple looking to take advantage of the proximity to great schools, the beach, shopping precincts and transport direct to the city or Fremantle.
On site, Saturday 23rd June at 11:30am Saturdays 11.00 - 11.30am & Wednesdays 5.15 - 5.45pm
0406 300 828 tim@capornyoung.com.au
0410 969 172 hayleyb@capornyoung.com.au
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O FF ER S
LUXURY GROUND FLOOR APARTMENT 29/1 CORKHILL STREET Seconds from the Swan River and situated in "The Moorings" - one of the area’s most eminent developments, this stunning ground floor apartment will see you living in the lap of luxury. Appointed with an striking minimalist style, this property presents a life of glamour, sophistication and relaxation. Resort style amenities include pool, tennis court, recreation room and gym.
Closing Wednesday, 20th June at 6pm (unless sold prior) Visit capornyoung.com.au for times
0409 229 115 stefanie@capornyoung.com.au
0437 225 725 nikki@capornyoung.com.au
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AU CT IO N
URBAN LIVING WITH STYLE & COMFORT 144A BULWER STREET If you are looking for a unique, comfortable city home, this will fit the bill perfectly. Designed by its architect owner and completed in 2015, it has lightfilled, generous interiors over three levels, all in a convenient yet quiet location five minutes from Hyde Park.
On site, Saturday 30th June at 10:30am Wednesdays 6:30 - 7:00pm & Saturdays 10:00 - 10:30am
0413 929 999 craig@capornyoung.com.au
0411 037 504 oonagh@capornyoung.com.au
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LUXURIOUS OWNERBUILDER HOME 25 PETERBOROUGH CIRCLE Built against the backdrop of Beeliar National Park, this immaculatelyconstructed, four-bedroom, two-bathroom residence was designed for regular entertaining and the needs of a growing family. With a theatre room, built-in bar with kitchenette, Miele espresso maker and wine rack, plus an all-weather conservatory, there´s a special place for everyone.
Saturday’s & Sunday’s as advertised
0411 115 147 connie@capornyoung.com.au
0402 278 747 lizy@capornyoung.com.au
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AU IN C -R T O IO O M N S
HORTICULTURAL INVESTMENT 340 SOUTH RIVER ROAD Strategically positioned within Carnarvon´s levee bank system, this property presents a lucrative investment for those seeking high-value horticultural pursuits on land with a year round water supply. Offered as going concern, this property provides a blank canvas to grow your future with conditions ripe for strategic timing of crops into local, national & international markets.
In Rooms, Thursday 28th June at 12:30pm By appointment
0420 200 773 phil@capornyoung.com.au
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AU CT IO N
MODERN LIVING IN THE VALLEY 35A STEVENS STREET Tucked away on 422sqm of green titled land, this immaculate family home combines fresh contemporary interiors with quality finishes to create a stylish family environment that focuses on privacy and easy indoor/outdoor living. Tasmanian Oak floors, stone kitchen benchtops & a decked undercover patio are some of the luxury appointments this home has to offer.
On site, Saturday 23rd June at 3:30pm Visit capornyoung.com.au for times
0409 229 115 stefanie@capornyoung.com.au
0434 076 229 michael@capornyoung.com.au
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GREAT FAMILY OPPORTUNITY 71 THE BOULEVARD Saturdays 10:00 - 10:30am & Thursdays 5:00 - 5:30pm
0408 370 809 helen@capornyoung.com.au
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LUXURY BEACHFRONT LIFESPACE 72/2 BRIGHTON ROAD visit capornyoung.com.au for view times
0413 929 999 craig@capornyoung.com.au
0403 342 681 michaelm@capornyoung.com.au
DECEASED ESTATE, BANK SAYS SELL 4/19 VENTNOR AVENUE Wednesdays 12:30 - 1:00pm
0413 929 999 craig@capornyoung.com.au
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51 Moreing Road
From $1,749,000 Stefanie Dobro
0409 229 115
5/34 Davies Road
$339,000 Hayley Brown
Mid $2,000,000’s Oonagh Lisle
9 Bateman Street
0411 037 504 6 Chalmers Street
SO LD
4 Dunkeld Street
0410 969 172
1 Haig Road
Call for details Helen Hemery
0408 370 809
By 30th June, 5pm Michael Harries
277A High Street
From $795,000 Connie Handcock
9385 5559 /
0411 115 147
0434 076 229
Call for details Stefanie Dobro
21/45 Pakenham Street
From $999,000 Connie Handcock
capornyoung.com.au
0411 115 147
0409 229 115 68/20 Ellerby Street
Mid to high $200,000’s Hayley Brown
0410 969 172
RENTAL REVIEW LOYAL LANDLORDS REAP THE REWARDS We live and breath the philosophy that your success is our success, which is why, as property managers, we always strive to go the extra mile. If we can reduce hassle for our landlords by handling maintenance, insurance claims if needed, or minimising financial stress by depositing rental funds twice a month, we´re happy to do what we can to make life easier. Because of this approach we´ve been able to build up a loyal rentroll of long-term landlords, and our stats speak for themselves: we have managed roughly 40% of our landlords for more than five years, and 10.65% of our landlords have been with us for 10 years
FOR LEASE 2/43 Mary Street
This is especially important to our out-of-town landlords, as a little over 21% of our homeowners don´t live in the Perth Metro area. They put their trust into us to keep their investment ticking along while they check in from afar, as they either live overseas, down south, up north or over in the eastern states. This is a huge testament to our dedicated property management team, who are committed to getting the best results for our clients even in the toughest market conditions.
Selection of hot properties currently for lease 3/15 Eric Street
17/7 Birdwood Road
9/15 Eric Street
105/59 Breaksea Drive
35/25 O’Connor Close
132 South Street LE AS ED
10 Birrigon Loop LE AS ED
48/34 Shoalwater Street LE AS ED
plus. Several of our landlords are also our tenants.
For all enquiries, please contact Caporn Young’s Leasing and Property Management team on 9385 5559.
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A R D R O S S
R E S I D E N C E S
Artist impression
EMBODIMENT OF TODAY’S MODERN LIFESTYLE Horizon Rise is a contemporary blend of Community, Convenience and the Essence of Luxury Living. The striking yet intimate development is the new benchmark for urban living showcasing fresh designs, modern lifestyle with easy connectivity set in a vibrant blue-chip location that is the quintessentially 21st century living.
Contact Arreum Han-Caporn on 0450 422 224 or Adam Piller on 0402 456 485
HORIZONRISE.COM.AU