352 Cambridge Street, Wembley, WA 6014

Development/Land | Retail | Medical

For Sale $3,250,000 (Going Concern))

  • Property ID: 365969
  • Land Area: 1032m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Inner Western Suburbs Development with DA approval and Holding Income

A premium boutique development opportunity prominently located at the intersection of Cambridge Street and Simper Street adjoining the iconic Wembley Hotel and International food court in the heart of Wembley Town Centre.

Wembley is an affluent inner western suburb situated approximately 5 kilometres west of Perth CBD and 5 kilometres from City Beach.

The property is fully leased providing a reasonable holding income prior to redevelopment.

A brick and tile retail/commercial development comprising of 4 tenancies with a total building area of 677sqm.

Site Details and Zoning:
- Area 1,032sqm
- "Local Centre" (Precinct 4 - Wembley) under Cambridge Local Planning Scheme No. 1
- The property is DA approved for a 5 level mixed use development comprising 34 multi dwellings and 2 commercial tenancies

The property presents as an outstanding opportunity to immediately realise the sites full potential or to hold and reposition at a future date.

For further information or to arrange an inspection contact:

Brett Wilkins
Ray White Commercial (WA)
0478 611 168

Luke Pavlos
Lease Equity
0420 880 880

Wembley Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $173 ---
Retail --- $203 ---
This is the average advertised price, rent and yield for Wembley, WA 6014*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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