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'Wembley Central' - Investment Development Opportunity

353 Cambridge Street, WEMBLEY WA, 6014

For Sale

Property for Sale in 353 Cambridge Street, WEMBLEY WA, 6014

Ray White Commercial (WA)

Ground Floor, 12-14 The Esplanade, Perth, WA 6000

Listing ID:
11266106
Status:
Active
For:
Sale
Price:
Offers Invited
Last Updated:
07/11/2019
Icon building

Property Type

Retail/Offices
Icon square

Land Area

2926 SQM
Icon size

Floor Area

2258 SQM
Icon parking

Parking

N/A

'Wembley Central' - Investment Development Opportunity

Ray White Commercial (WA) & Lease Equity are proud to offer an exceptional opportunity to acquire 353 Cambridge Street, Wembley, Western Australia ("Wembley Central").

Wembley Central is superbly located with great frontage to Cambridge Street directly opposite the Wembley Hotel within the Wembley Town Centre.

The buildings and multiple tenancies provide strong cash-flows whilst future development plans are prepared.

The property comprises a mixed use, retail/commercial development known as "Wembley Central", contained within two separate buildings.

- Building Area: 2,258sqm*
- Land Area: 2,926sqm*
- Significant Wembley Town Centre Asset
- AAA Location directly in the heart of Wembley, opposite the renown Wembley Hotel
- 4.5 Star NABERS Energy Rating
- Diversified Tenancy Mix comprising local, national and international tenants.
- Opportunity to redevelop up to 5 Storeys (Subject to Council Approval)
- Value Add through new lettings and tenancy restructures
- Favourable "Local Centre" zoning providing flexibility with development use and tenancy mix
- High quality improvements with good parking ratios attractive to the tenants and visitors to the sites.

Wembley Central is located within the established, inner western suburb of Wembley, a distance of approximately five kilometres slightly north west of the Perth Central Business District.

The property is situated to the southern side of Cambridge Street in the heart of Wembley, directly opposite the Wembley Hotel, approximately 100 metres west of the intersection of Cambridge and Jersey Streets.

Cambridge Street is a major arterial road providing direct access between the affluent suburb of City Beach and the Perth CBD.

For further information or to arrange an inspection please contact:

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
E: brett.wilkins@raywhite.com

Luke Pavols
Lease Equity
M: 0420 880 880
E: lukep@lease-equity.com.au

*approximately

For more details, please email agent

Ray White Commercial (WA)

Ground Floor, 12-14 The Esplanade, Perth, WA 6000


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