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: