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352 Cambridge Street, WEMBLEY, WA 6014

Development Potential
DETAILS
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.

Improvements:

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

[email protected]

Luke Pavlos

Lease Equity

0420 880 880

[email protected]

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
For Sale:
TITLE:
$3,250,000 (Going Concern))
Property Area
AREA:
1032 m² (*approx)
Property Type
TYPE:
Commercial, Mixed Use,
Development Potential
DEVELOPMENT APPROVAL:
5 level mixed use development comprising 34 multi dwellings and 2 commercial tenancies

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352 Cambridge Street, WEMBLEY, WA 6014

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