SOLD
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Sold on 11 Jun 2024 for $385,000

4/228 Cambridge Street
Wembley WA 6014

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 86m2
Land area: 86m2
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Property Details for 4/228 Cambridge St, Wembley

Building Type
Commercial
Floor Size
86m2
Land Size
86m2
Local Government
Cambridge
Lot/Plan
4/S025381

Last Listing description (June 2024)

Nestled on the vibrant Cambridge Street, this medical suite presents an enticing investment proposition. With a generous 86sqm, with the added option to acquire an additional 211m2 in Unit 6, this opportunity is brimming with potential.

This well-appointed medical suite is ideal for those seeking to secure their own premises or capitalize on the thriving healthcare sector. Anticipate an approximate annual rental income ranging from $25,000 to $28,000, inclusive of outgoings and GST, making it an attractive investment prospect.

Benefiting from convenient access to public transportation, this location effortlessly draws patients from the wider region. Whether you're a seasoned investor or just beginning your journey, this medical suite is your ticket to expanding your portfolio and securing your financial future.

Discover the allure of this newly refurbished, stunning medical suite, now available for sale on Cambridge Street in Wembley.

Features includes:
• Prime location on bustling Cambridge Street.
• Spacious medical suite with a total Net Lettable area of 86sqm.
• Two lots on a strata plan available, with the OPTION to purchase an additional 211m2 in Unit 6.
• Perfect for owner-occupiers and investors in the thriving healthcare industry.
• Anticipated rental income of approximately $25,000 to $28,000 per annum, inclusive of outgoings and GST.
• Convenient access to public transportation, attracting patients from across the region.
• Ideal for both experienced investors and those just starting their portfolio journey.
• Newly refurbished and visually stunning medical suite.

Contact us today to arrange a viewing and uncover why this property is the investment opportunity you've been diligently searching for!

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Property History for 4/228 Cambridge St, Wembley, WA 6014

A timeline of how this property has performed in the market
Last Sold
$385,000
11 Jun 2024
  • 11 Jun 2024
    Sold for $385,000
  • 20 Feb 2024
    Sold for $385,000
  • 07 Aug 2019
    Listed for Sale $1,350,000-$1,800,000 + GST
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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 5,959 properties.

    There are currently 32 properties listed for sale, and 12 properties listed for rent in Wembley on OnTheHouse. According to CoreLogic's data, 305 properties were sold in the past 12 months in Wembley.

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