FOR SALE
$3,500,000

Contact Agent For Address
Wembley WA 6014

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 1366m2
Land area: 1366m2
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Medical Centre Opportunity - Developers & Investors

Build your new medical centre here!
This is an ideal high exposure location near the St John of God Hospital on Cambridge Street.
Prime land holding of 1,366 sqm in this medical precinct, with the St John of God Hospital only a 400m away, this property can be developed to 4 storey (or more STCA) allowing many uses for the site including medical centre /surgery / consulting rooms / retail and offices in the flexible commercial zoning of the City of Cambridge LPP 2.4, Precinct 4.
There is current a single level building of approximately 645 sqm that can be converted to a variety of uses, or demolished to produce a new multi-storey building commensurate with the area.
The property currently a passing/holding income of circa $140,000 plus outgoings, (plus annual increases) through to the time that you choose to redevelop.
Fantastic opportunity. Call now for further information.
*Images supplied are for marketing and stylistic purposes only and do not represent a plan or approvable design for this specific site. Buyers will need to produce their own design in accordance with the council requirements for the site.

Property Details for Contact Agent For Address, Wembley

Building Type
Commercial
Floor Size
1366m2
Land Size
1366m2

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About Wembley 6014

The size of Wembley is approximately 4.2 square kilometres. It has 13 parks covering nearly 25% of total area. The population of Wembley in 2011 was 10,553 people. By 2016 the population was 11,326 showing a population growth of 7.3% in the area during that time. The predominant age group in Wembley is 30-39 years. Households in Wembley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wembley work in a professional occupation. In 2011, 59.1% of the homes in Wembley were owner-occupied compared with 58.6% in 2016.

Wembley has 5,954 properties. Over the last 5 years, Houses in Wembley have seen a 81.59% increase in median value, while Units have seen a 70.50% increase. As at 30 November 2024:

  • The median value for Houses in Wembley is $1,860,972 while the median value for Units is $424,833.
  • Houses have a median rent of $900 while Units have a median rent of $528.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Wembley on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in Wembley.

Suburb Insights for Wembley 6014

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Contact agent
Daniel Ehrenfeld
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Albert Fontana
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NAI Harcourts Metro
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.