224 Cambridge Street,
Wembley, WA 6014
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Map of 224 Cambridge Street
A Corner Retail Investment Located in a Tightly Held Precinct
- Combined site area of 734sq m
- Potential for future development
- Multi tenanted retail investment
Colliers International are pleased to bring to the market, 224 Cambridge Street & 10 Gregory Street, Wembley. The two sites occupy a prominent corner position, returning an approximate net income of $131,317 per annum.
The properties form a rectangular shaped corner site benefitting from approximately 18,000 passing vehicles per day being located within the tightly held commercial precinct of Wembley.
The sites are improved with two buildings providing a total lettable area of approximately 364sq m. One of the buildings provides approximately 225sq m of accommodation to three retail tenancies fronting Cambridge Street. The other building, fronting Gregory Street, comprises a character office building of approximately 115sq m.
The property benefits from flexible “Commercial” zoning allowing for a number of potential uses STCA. The site has an underlying residential density of R60.
Key Features of the property include:
• 364 sq m of lettable area*
• 734 sq m site area*
• WALE of 4.59 years
• Fully leased net passing income of $131,317*
• Combined frontage of 67.70 metres
• Flexible zoning with future development potential (STCA)
* Approximate figures
Don’t miss your opportunity to secure a retail asset with stable holding income and future development potential within the tightly held Wembley commercial precinct.
For any further information, please contact the Exclusive Selling Agents:
Ben Tana
0434 659 807
Ben.tana@colliers.com
or
Tory Packer
0434 659 9...
Tory.packer@colliers.com
To view our sales video, please paste this URL into your browser: https://youtu.be/EeSEHq2em-U
The properties form a rectangular shaped corner site benefitting from approximately 18,000 passing vehicles per day being located within the tightly held commercial precinct of Wembley.
The sites are improved with two buildings providing a total lettable area of approximately 364sq m. One of the buildings provides approximately 225sq m of accommodation to three retail tenancies fronting Cambridge Street. The other building, fronting Gregory Street, comprises a character office building of approximately 115sq m.
The property benefits from flexible “Commercial” zoning allowing for a number of potential uses STCA. The site has an underlying residential density of R60.
Key Features of the property include:
• 364 sq m of lettable area*
• 734 sq m site area*
• WALE of 4.59 years
• Fully leased net passing income of $131,317*
• Combined frontage of 67.70 metres
• Flexible zoning with future development potential (STCA)
* Approximate figures
Don’t miss your opportunity to secure a retail asset with stable holding income and future development potential within the tightly held Wembley commercial precinct.
For any further information, please contact the Exclusive Selling Agents:
Ben Tana
0434 659 807
Ben.tana@colliers.com
or
Tory Packer
0434 659 9...
Tory.packer@colliers.com
To view our sales video, please paste this URL into your browser: https://youtu.be/EeSEHq2em-U
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Property ID: 502585450Last Updated: 6 Jun 2018
04346599...
224 Cambridge Street
Wembley, WA 6014
Cygnet WestLevel 26, 197 St Georges Terrace
PERTH, WA 6000
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